Index of industrial orders in the area of the single European currency fell 2,2% in October in monthly terms, said the EU statistical agency Eurostat. The value index was worse than the expectations of analysts, forecast orders decline by 1,0%. In September, the volume of industrial orders rose by 1,7% (revised from 1,5%).
It should be noted that the decline in the reporting period due to reduced orders for capital goods (-4.6%). The volume of orders for intermediate goods increased by 1,5%. Orders for durable consumer goods rose by 0,6%. The volume of orders for consumer goods short-term use has not changed.
On an annual basis industrial orders in the euro area declined by 14,5% in October compared with -16.3% in the previous month. Analysts expected an annual index of orders at the level of -11.0%.
It should be noted that the decline in the reporting period due to reduced orders for capital goods (-4.6%). The volume of orders for intermediate goods increased by 1,5%. Orders for durable consumer goods rose by 0,6%. The volume of orders for consumer goods short-term use has not changed.
On an annual basis industrial orders in the euro area declined by 14,5% in October compared with -16.3% in the previous month. Analysts expected an annual index of orders at the level of -11.0%.
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