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Euro zone industrial orders plunge

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Euro zone industrial orders plunge

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New industrial orders in the euro zone plunging more than a third in April compared with the same month last year.

Orders were down one percent month-on-month for a 35.5 percent annual drop according to the latest figures from the European Union statistics office Eurostat. The record decline disappointed those who had hoped that March’s figures signalled that the worst of the economic slump was over.