Economics
Europe Industrial Orders Drop the Most in Two Years
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European industrial orders slumped the most in almost two years in September, suggesting weaker global growth and a stronger euro are starting to hurt exports.
Orders in the 16-nation euro area dropped 3.8 percent from August, when they rose 5.1 percent, the European Union’s statistics office in Luxembourg said today. That’s the biggest plunge since December 2008 and sharper than the 2.5 percent drop forecast by economists in a Bloomberg News survey. Orders rose 14 percent from September 2009.