Eurozone orders slump 2.4pc in July

first_img Eurozone orders slump 2.4pc in July Wednesday 22 September 2010 7:51 pm Share NEW industrial orders in the Eurozone fell by the most for 19 months in July, led by a slump in orders for capital goods, official data showed yesterday. The figures added further to evidence the economic recovery is slowing as member states look to reduce the size of budget deficits in the wake of the sovereign debt crisis.Factory orders dropped 2.4 per cent from June – the sharpest decline since December 2008 – but were 11.2 per cent higher than a year earlier, the European Union’s Eurostat statistics agency said Eurostat said after stripping out demand for heavy transport equipment like ships, railway and aerospace equipment, which can be volatile and have a limited impact on production, industrial orders fell 0.6 per cent in July.There was also a 5.1 per cent slump in orders for capital goods – such as machinery and equipment used in production processes – in July following a 3.8 per cent rise in June.Orders for consumer goods, such as household electrical appliances and business equipment, also dropped 3.2 per cent in July after falling 1.3 per cent in June. Orders were 1 per cent lower than a year earlier. whatsapp Show Comments ▼ KCS-content whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily Proof Tags: NULLlast_img

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