By Amir Khan | March 27 2012 3:30 PM
Industrial new orders to the euro area fell at a record annual pace in February, reflecting a fall in the global demand.
Data released by the Eurostat showed that new orders dropped 34.5% year-on-year in February after falling a revised 34.3% in January. Economists had expected a fall of 34.8% for February. New orders fell for the seventh straight month and the February decline was the largest since the data series began in 1996.
New orders for non-durable consumer goods fell 11.1% and that for durable consumer goods declined 24.2%. Intermediate goods decreased 37.2% and capital goods dropped 38.4%.
On a monthly basis, order intakes fell 0.6%, at a slower pace than a revised 2% contraction seen in January, while the consensus forecast was for a bigger decline of 2.2%.
In the EU27, new orders fell 1.4% month-on-month in February and plunged 33.3% over the previous year.
The International Monetary Fund on Wednesday said in its latest world economic outlook that the euro area is set to contract 4.2% in 2009 and 0.4% in 2010.
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Date: 13 January 2011Image:

Symbol: GBPUSD
Forecast High: 1.5922
Forecast Low: 1.5502
Entry Buy: 1.5799
T/P Buy: 1.5842
S/L Buy: 1.5749
Trading start 05:00 GMT / 00:00 EST / 12:00 WIB / 13:00 KLT Trading end 15:00 GMT / 10:00 EST / 22:00 WIB / 23:00 KLT only 1 times trade per day.
FXstreet.com (Barcelona) - Rejection at 1.3088 fresh intra-week high has triggered weakness on the Euro and the pair, below 1.3035 level approaches next support level at 1.2880 ahead of Wall Street opening.
The Euro trades around 1.3010, dropping most of the gains posted on its rally to 1.3088; with next support level at 1.2985 on sight. If the Euro breaks below there, next support levels could come at 1.2950 and 1.2920.
On the upside, recovery from current levels could find resistance at 1.3035/50 area and if above here, the Euro would be on its path towards intra-week high at 1.3088.
For more information, read our latest forex news.
Before 2005, surgeries to improve facial disfigurement relied on skin grafts from patients or cadavers. Now face transplants are becoming more common that can include not only the skin, but jaw bones and teeth.
On March 19, Richard Lee Norris, 37, became the world's 23rd facial transplant recipient. A gun accident in 1997 left Norris lipless and noseless. After 36 hours of surgery, he received a face from the hair line to the neck plus upper and lower jaws. A week into his recovery, Norris started to shave and brush his teeth.
Transplant recipients face the risk of immune rejection and must remain on immune-system suppressing drugs for the rest of their lives. The surgery is able to help people disfigured by accidents, diseases or attacks regain some of their old self, according to reports. Here are some before and after pictures of people who have received either full or partial face transplants.

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