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2011.11.2306:49:00UTC+00Euro Zone Industrial New Orders Drops Sharply in Sept, Deepest fall Since Dec 2008

News:

New orders fell by 6.4 pct m/m in Sept against the consensus of -2.5, deepest fall since Dec 2008

Orders of capital goods stood at -6.8 pct m/m in Sept compared to the previous month's 2.7 pct

Industrial new orders in the euro zone rose 1.6pct y/y in Sept,steeply lower than the poll of 8.0 pct rise

A very weakening business environment seen in the Euro area, as the export demand declined from Asia.

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