The volume of euro-zone industrial orders unexpectedly rose for December

Index of industrial orders in the area of the single European currency rose 0,8% in December in monthly terms, said the EU statistical agency Eurostat. Value index has outperformed expectations of market participants, as analysts predicted the decline in industrial orders for 1,1%. Recall that in November, the index increased by 2,7%.

On an annual basis, industrial orders in the euro zone increased by 9,5% in December against the forecast of 7,6%. In November, the annual index was -0.6%.