Euro-Region Industrial Orders Increase Less Than Estimated
This article is for subscribers only.
European industrial orders increased less than economists estimated in October, adding to signs of a deepening economic slump in the single-currency region.
Orders in the 17-nation euro region rose 1.8 percent from September, when they dropped 7.8 percent, the European Union’s statistics office in Luxembourg said today. Economists had forecast orders to increase 2.5 percent, the median of 11 estimates in a Bloomberg News survey showed. Producer-price inflation slowed to 5.3 percent in November from 5.5 percent in the previous month, a separate report showed.