Eurozone Industrial Orders Rebound In December

Industrial new orders in the Eurozone increased more than economists expected in December, data released by statistical office Eurostat showed Wednesday.

New orders received by euro area's industrial sector increased a seasonally adjusted 1.9 percent month-on-month in December, recovering from the previous month's 1.1 percent decline. Economists expected new orders to increase 0.5 percent.

Orders of intermediate goods rose 1.5 percent on a monthly basis, while capital goods orders climbed 4.2 percent. There was a 0.1 percent monthly growth in orders of non-durable consumer goods in December.

In EU27, new orders increased 1.5 percent monthly in Dec ember, following the previous month's 1.1 percent decrease.

Year-on-year, new orders decreased a working-day adjusted 1.7 percent in December, slower than the 2.5 percent fall seen in the previous month. Economists were looking for a 2.8 percent decrease.

In EU27, industrial orders dropped at a slower rate of 1.5 percent annually during the moth than November's 2.6 percent decrease.