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Article: Eurozone industrial new orders plunge in November
- Article from:
- Xinhua News Agency
- Article date:
- January 22, 2009
CopyrightCopyright 2009 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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Eurozone industrial new orders plunge in November
BRUSSELS, Jan. 22 (Xinhua) -- The eurozone industrial new orders
index plunged in November by 4.5 percent month-on-month, European
Union (EU)'s statistics office Eurostat said Thursday.
The eurozone index saw a record year-on-year drop of 26.2
percent, Eurostat said. Excluding ships, railway and aerospace
equipment, for which changes tend to be more volatile, industrial
new orders fell by 3.4 percent in the eurozone.
Meanwhile, in the 27-nation EU, industrial new orders dropped by
3.9 percent in November and decreased by 25.4 percent compared with
the same period in 2007.
In November, orders for basic metals and fabricated metal
products ...