Euro-Area Industrial Orders Increased More Than Forecast in May
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European industrial orders surged in May as faster growth in France, Italy and Spain offset a slowdown in Germany, the region’s largest economy.
Orders in the euro area advanced 3.6 percent after a revised 0.1 percent drop in April, the European Union’s statistics office in Luxembourg said today. Economists had forecast a gain of 0.8 percent, the median of 18 predictions in a Bloomberg News survey showed. Orders jumped 15.5 percent from a year earlier.