06 December 2012 15:07 [Source: ICIS news]
October’s increase in industrial orders was driven by a 6.7% rise in orders from abroad, mainly from outside the eurozone, while domestic orders rose by just 0.4%, the country’s economics ministry said.
Despite the increase, the ministry said that the economic environment remains weak and industrial production trends will likely be moderate in coming months.
The increase followed a revised 2.4% decline in September from August.
On a two-month sequential comparison – September-October versus July-August – industrial orders were down 0.9%. Compared with September-October 2011, orders were down 3.1% year on year.
In a separate data release,
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