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Industrial New Orders Down by 0.3% in Euro Area in June 2008
added: 2008-08-22

In June 2008 compared with May 2008, the euro area (EA15) industrial new orders index fell by 0.3%. In May the index dropped by 5.4%. In the EU27 new orders decreased by 0.1% in June 2008, after falling by 5.4% in May. Excluding ships, railway & aerospace equipment industrial new orders grew by 0.6% in the euro area and by 1.8% in the EU27.

In June 2008 compared with June 2007, industrial new orders fell by 7.4% in the euro area and by 6.6% in the EU27. Total industry excluding ships, railway & aerospace equipment dropped by 1.5% in the euro area and by 0.8% in the EU27.

These estimates are released by Eurostat, the Statistical Office of the European Communities.

Monthly changes

In June 2008 compared with May 2008, new orders for textiles & textile products grew by 2.2% in the euro area and remained stable in the EU27. Electrical & electronic equipment increased by 1.4% in the euro area, but fell by 0.6% in the EU27. Manufacturing of chemicals & chemical products rose by 1.0% and 2.0% respectively. Basic metals & fabricated metal products increased by 0.8% in the euro area and by 1.6% in the EU27. Machinery & equipment fell by 1.1% in the euro area, but gained 2.2% in the EU27. Transport equipment decreased by 3.7% and 6.0% respectively.

In June 2008, among the Member States for which data are available, total manufacturing working on orders rose in nine and fell in nine. The highest increases were recorded in Latvia (+31.0%), Portugal (+8.0%) and Hungary (+6.1%), and the largest decreases in Denmark (-21.8%), Ireland (-9.7%) and Germany (-3.5%).

Annual changes

In June 2008 compared with June 2007, new orders for basic metals & fabricated metal products increased by 4.6% in the euro area and by 6.1% in the EU27. Manufacturing of chemicals & chemical products rose by 3.8% and 3.2% respectively. Machinery & equipment decreased by 2.8% in the euro area and by 0.6% in the EU27. Manufacturing of electrical & electronic equipment dropped by 3.7% and 3.0% respectively. Textiles & textile products declined by 9.6% in the euro area and by 8.0% in the EU27. Transport equipment fell by 29.8% and 26.2% respectively.

In June 2008, among the Member States for which data are available, total manufacturing working on orders rose in eleven and fell in seven. The highest increases were registered in Romania (+27.8%), Latvia (+26.9%) and Lithuania (+22.9%), and the most significant falls in France (-16.9%), Spain (-6.5%), the Czech Republic and Germany (both -6.0%).


Source: Eurostat

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