Monday, November 24, 2008

Orders to industry fall 3.9 percent

Orders to industry fell 3.9 percent in September in the euro zone, compared to the month of August. Portugal is following the trend of decline with a fall of 4.9 percent, according to data released by Eurostat.

In all the 27 EU countries, orders showed a decline of 4.6 percent in September compared with August.

Faced with the same period, orders for industry lost 1.1 percentage points in the eurozone and 0.9 percent in the 27-member EU, while in Portugal rose 17.6 percent.

The entries of orders in industry, except for shipbuilding, aerospace and railway equipment, fell 2.2 percent in the Eurozone and 2.7 percent in the EU-27 compared monthly, and 0.7 and 0.2 percent respectively compared to same month of 2007.

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