FXstreet.com (Barcelona) - The strength of the Euro could be starting to weigh on the Euro Zone industrial sector, as new industrial orders a forward looking indicator for the manufacturing sector has posted the largest decline in several years, according to data released by Eurostat.

New industrial orders have declined 10% from March to April, following a 0.2% increase in March, revised down from the 0.6% increase previously estimated.

Year on Year, orders have declined 2.5% in the Euro area, following a 9.9% increase in February, and excluding ships, railway & aerospace equipment, orders fell 5.0% from March last year.

Orders for textile products have been the main contributor for the decrease posting a 3.6% decline on the month, and a 14.6% fall year on year.