|
|
Article: Germany : European Industrial Orders Decline the Most on Record.
- Article from:
- TendersInfo
- Article date:
- January 23, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Mamta03
European industrial orders fell by the most on record in November as the recession curtailed manufacturers demand for new machines and equipment.
Industrial orders in the euro zone declined 26 percent from the year-earlier month, the European Union statistics office in Luxembourg said today. That was the biggest drop since the euro was introduced a decade ago and exceeded economists median estimate for a drop of 20 percent in a Bloomberg News survey. Excluding transport, orders fell 23 percent.
Europe is being dragged into its deepest recession since World War II as the credit shortage derails purchases of homes, cars and ...