Euro-zone Aug. factory orders fall more than expected

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October 23, 2008

Euro-zone Aug. factory orders fall more than expected October 23rd, 2008 LONDON (MarketWatch) — Industrial new orders in the 15-nation euro zone saw a monthly decline of 1.2% in August and were down 6.6% compared to August 2007, the statistical agency Eurostat reported Thursday. Expectations were for a 0.5% monthly rise and a 0.4% year-on-year decline. July orders were revised up to show a 2% monthly rise and a 2.9% annual increase. Eurostat initially estimated a 1% monthly rise in July and
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