Euro production factory orders soar, replacing stocks
Post date: May 25, 2010 2:57:56 PM
Industrial new orders rose 5.2% from February
20% higher than march last year
France posted a 6.5% rise
Germany saw a 5.7% jump
in industrial orders in March.
New factory orders in the 16 countries that share the euro posted the sharpest monthly gain in nearly three years in March, in a sign that the economic recovery is gathering pace, data from the European Union's Eurostat statistics agency showed Tuesday.Industrial new orders rose 5.2% from February and were 19.8% higher than
in March last year the strongest monthly rise since June 2007 and sharpest annual increase since May 2000
source: online.wsj.com
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