(CN) - In leisurely statistical fashion, the European Union has released excellent economic news -- from March. Before the Greece debacle hit the EU economy, industrial orders were picking up very nicely with a 5.2% jump in new orders in the euro zone.
In March 2010 compared with February 2010, the euro area1 (EA16) industrial new orders index rose by 5.2%. In February the index increased by 1.9%. In the EU27, new orders gained 5.9% in March 2010 after a rise of 1.1% in February.
Excluding ships, railway & aerospace equipment, for which changes tend to be more volatile, industrial new orders grew by 4.5% in the euro area and by 5.0% in the EU27.
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.