Eurozone Industrial New Orders in June See 3.1% Increase

Eurozone industrial new orders in June registered an increase of 3.1 percent compared with the previous month, the first monthly increase this year, according to data released by the European Union statistic bureau Eurostat Monday.

Still, the figure was down by 25.1 percent compared with the same period last year, the Eurostat said.

Excluding ships, railway and aerospace equipment, for which changes tend to be more volatile, industrial new orders grew by 1.9 percent in the 16-member euro zone.

The Eurostat said that within the 27-member EU, industrial new orders in June dipped by 0.4 percent compared with May and by 24.0percent compared with the same period last year.

This is the first time that the industrial new orders rose on a monthly basis this year.