Be the first to comment!Industrial new orders up in both euro area and EU27
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In October 2010 compared with September 2010, the euro area (EA16) industrial new orders index rose by 1.4%. In September the index fell by 4.2%. In the EU27, new orders increased by 0.6% in October 2010, after a decrease of 2.5% in September. Excluding ships, railway & aerospace equipment4, for which changes tend to be more volatile, industrial new orders increased by 0.9% in the euro area and by 0.8% in the EU27.
In October 2010 compared with October 2009, industrial new orders grew by 14.8% in the euro area and by 14.3% in the EU27. Total industry excluding ships, railway & aerospace equipment rose by 14.4% in both zones.
In October 2010 compared with September 2010, new orders for durable consumer goods rose by 5.0% in the euro area and by 4.1% in the EU27. Non-durable consumer goods increased by 1.6% and 1.3% respectively. Intermediate goods gained 1.3% in the euro area and 1.1% in the EU27. Capital goods grew by 1.3% in the euro area, but fell by 0.2% in the EU27.
Among the Member States for which data are available, total manufacturing working on orders rose in fifteen and fell in eleven. The highest increases were registered in Lithuania (+16.0%), Latvia (+9.8%) and Greece (+9.5%), and the largest decreases in Hungary (-6.8%), Luxembourg (-3.6%) and Belgium (-2.7%). Malta stood at + 6.5%.
In October 2010 compared with October 2009, new orders for capital goods rose by 18.2% in the euro area and by 17.2% in the EU27. Intermediate goods increased by 16.0% and 15.3% respectively. Non-durable consumer goods grew by 3.7% in the euro area and by 3.1% in the EU27. Durable consumer goods gained 2.3% and 6.4% respectively.
Among the Member States for which data are available, total manufacturing working on orders rose in twenty-five and fell only in Denmark (-2.0%). The highest increases were registered in Estonia (+58.3%), Lithuania (+51.1%) and Latvia (+47.0%), and the smallest in Spain (+2.8%) and Hungary (+3.3%). Malta stood at + 14.4%.
These estimates were released by Eurostat, the statistical office of the European Union.
