Industrial new orders up by 2.5% in euro area

Source: Eurostat

Sep 22, 2010

In June 2010 compared with May 2010, the euro area (EA16) industrial new orders index rose by 2.5%. In May, the index increased by 4.1%. In the EU271, new orders increased by 2.4% in June 2010 after a rise of 4.0% in May. Excluding ships, railway and aerospace equipment, for which changes tend to be more volatile, industrial new orders grew by 1.6% in the euro area and by 1.8% in the EU27.

In June 2010 compared with June 2009, industrial new orders increased by 22.6% in the euro area and by 22.5% in the EU27. Total industry excluding ships, railway and aerospace equipment rose by 22.5% and 23.7% respectively.

These estimates are released by Eurostat, the statistical office of the European Union.

n June 2010 compared with May 2010, the euro area (EA16) industrial new orders index rose by 2.5%.

Monthly changes

In June 2010 compared with May 2010, new orders for capital goods rose by 5.3% in the euro area and by 5.1% in the EU27. Intermediate goods increased by 0.1% and 0.3% respectively. Durable consumer goods fell by 1.1% in the euro area and by 0.1% in the EU27. Non-durable consumer goods decreased by 1.8% and 0.9% respectively.

Among the Member States for which data are available, total manufacturing working on orders rose in sixteen and fell in four. The highest increases were registered in Denmark (+23.0%), the Netherlands (+8.9%) and Romania (+5.5%) and the largest decreases in Ireland (-4.7%) and the Czech Republic (-2.7%).

Annual changes

In June 2010 compared with June 2009, new orders for intermediate goods rose by 29.6% in the euro area and by 28.7% in the EU27. Capital goods increased by 22.7% and 23.8% respectively. Durable consumer goods gained 14.2% in the euro area and 17.0% in the EU27. Non-durable consumer goods grew by 2.5% in the euro area, but fell by 1.1% in the EU27.

Among the Member States for which data are available, total manufacturing working on orders rose in twenty and fell only in Ireland (-5.1%). The highest increases were registered in Denmark (+64.8%), Latvia (+61.2%), Estonia (+49.2%), Romania (+34.6%) and Germany and Finland (both +32.8%).

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