Friday, the Eurostat said in a report that the industrial new orders dropped 3.4% month-on-month in January, after falling a revised 8% in December. Economists were looking a decline of 5.6%.

Year-on-year, industrial new orders plunged 34.1% in January, compared to the 23.8% decline in the previous month. Economists had predicted a decline of 28.4%.

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