European area industrial new orders index fell by 2.4% in July over the previous month, according to statistics released this week. The numbers provide further evidence that the European economy is slowing down, after big jump in industrial orders a year earlier.
Even one month earlier, in June, new orders had increased by the same measure of 2.4%.
Excluding ships, railway & aerospace equipment, for which changes tend to be more volatile, industrial new orders fell by 0.6% in the euro area. In July 2010 compared with July 2009, industrial new orders grew by 11.2% in the euro area.
Subscribe to Closing Arguments
Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.