Eurozone industrial orders rises

Eurozone industrial new orders rose more than expected in November, data showed on Monday, confirming the strength of eurozone recovery in industry but pointing to weakness in demand for consumer goods. The European Union's statistics office, Eurostat, said industrial new orders in the 16 countries using the euro in November rose 2.1 percent month-on-month against October, for a 19.9 percent year-on-year gain.
Economists polled by Reuters had expected a 2.0 percent monthly increase and a 17.1 percent annual rise. Without the volatile orders for ships, planes and trains, industrial orders rose 2.1 percent on the month and were 19.6 percent higher than a year earlier. But while demand for capital and intermediate goods was strong, orders for durable consumer goods fell 0.9 percent month-on-month and non-durable consumer goods orders were down 1.5 percent, pointing to a weakness in household demand.