The new industrial orders in the Eurozone, grew by 0.9% in April on monthly basis, revealed the data released by Eurostat statistical agency. Though the industrial orders rose in April, the figures were reported lower than the expectations of the economists.

Eurostat said that the lower than expected growth in April was mainly attributable to the decline in heavy transport equipment, capital goods, consumer durables and non durable orders in the month. The data of Eurostat showed that the Eurozone industrial new orders rose at a pace of 0.9% in the April, compared to a revised growth of 5.1% in the month of March.

The economists were expecting a growth of 1.6% in the month of April. New industrial orders were reported up by 22.1% in April, while compared to the same month last year. It was reported as the strongest annual growth in new industrial orders in past ten years.

The data revealed that the orders for the heavy transport equipment fell dramatically by 0.8%, while the orders for consumer durables and non durables fell by 0.9% and 2.1% respectively in the month of April. The data showed that the orders for intermediate goods were reported up by 1.7% in April on monthly basis.