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Industrial New Orders Down by 1.8% in Euro Area in March 2011
added: 2011-05-25

In March 2011 compared with February 2011, the euro area (EA17) industrial new orders index fell by 1.8%. In February the index grew by 0.5%. In the EU27, new orders decreased by 1.9% in March 2011, after a rise of 1.0% in February. Excluding ships, railway & aerospace equipment, for which changes tend to be more volatile, industrial new orders decreased by 1.1% in the euro area and by 1.2% in the EU27.

In March 2011 compared with March 2010, industrial new orders grew by 14.1% in the euro area and by 11.3% in the EU27. Total industry excluding ships, railway & aerospace equipment rose by 15.2% and 13.3% respectively.

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

Monthly comparison

In March 2011 compared with February 2011, new orders for durable consumer goods dropped by 6.8% in the euro area and by 4.0% in the EU27. Capital goods fell by 4.6% and 4.5% respectively. Non-durable consumer goods decreased by 3.5% in the euro area and by 2.1% in the EU27. Intermediate goods rose by 0.6% and 0.7% respectively.

Among the Member States for which data are available, total manufacturing working on orders fell in thirteen and rose in nine. The largest decreases were registered in Denmark (-22.3%), Ireland (-13.0%), Portugal (-8.4%) and Slovakia (-8.1%), and the highest increases in Finland (+5.5%), Italy (+4.5%) and Estonia (+3.9%).

Annual comparison

In March 2011 compared with March 2010, new orders for intermediate goods rose by 19.2% in the euro area and by 16.8% in the EU27. Capital goods increased by 14.5% and 11.6% respectively. Non-durable consumer goods fell by 0.5% in the euro area and by 2.9% in the EU27. Durable consumer goods decreased by 2.6% and 3.9% respectively.

Among the Member States for which data are available, total manufacturing working on orders rose in nineteen and fell in three. The highest increases were registered in Estonia (+59.6%), Bulgaria (+37.3%), Lithuania (+37.2%) and Latvia (+34.1%), and the decreases in Greece (-9.3%), the United Kingdom (-8.1%) and Ireland (-6.6%).


Source: Eurostat

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