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8/27/05

Reuters.com: Euro zone new industrial orders jump in June

Reuters.com

New industrial orders in the euro zone rebounded strongly in June from a drop the previous month, driven by demand for transport equipment and electronics, the European Union's Statistics Office said on Wednesday. New orders rose 3.1 percent month-on-month in June and 4.9 percent year-on-year in the 12 countries using the single currency, Eurostat said. In May orders fell a revised 0.1 percent on a monthly basis and 3.5 percent in annual terms. May orders were originally reported as a 1.5 percent monthly drop and a 3.3 percent annual fall. The strongest year-on-year rise in orders in June was in Germany, up 10.5 percent and Portugal where orders increased 8.0 percent. In France they were 4.1 percent higher.

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