Eurozone economic releases on January 6, 2010, have mostly a negative flair as the December Euro-Zone Purchasing Manager Composite Index matched expectations, but Euro-Zone industrial new orders decreased more than expected both on a monthly and year over year basis.
In particular, the December Eurozone composite Purchasing Manager Index (PMI) came at 54.2 matching the forecast, while the PMI for Services came at 53.6 just a bit below the forecast 53.7. The December French and German Services PMIs came at 58.7 and 52.7, respectively, short of the forecasted values of 60.1 and 53.1, respectively.
Eurozone new industrial orders in October 2009 did considerably worse than expected, as they posted a monthly decline of 2.2%, which is more than twice higher than the expected decrease of 1.0%.
Furthermore, on a year-over-year basis, Eurozone industrial orders in October declined 14.5%, exceeding again the forecast of a year-over year decline of 11%.
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