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Industrial New Orders Down by 2.4% in Euro Area in July 2010
added: 2010-09-23

In July 2010 compared with June 2010, the euro area (EA16) industrial new orders index fell by 2.4%. In June the index increased by 2.4%. In the EU27, new orders declined by 2.3% in July 2010, after a rise of 2.5% in June. Excluding ships, railway & aerospace equipment, for which changes tend to be more volatile, industrial new orders fell by 0.6% in the euro area and by 0.5% in the EU27.

In July 2010 compared with July 2009, industrial new orders grew by 11.2% in the euro area and by 12.5% in the EU27. Total industry excluding ships, railway & aerospace equipment rose by 13.6% and 14.8% respectively.

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

Monthly changes

In July 2010 compared with June 2010, new orders for capital goods dropped by 5.1% in the euro area and by 5.7% in the EU27. Durable consumer goods decreased by 3.2% and 1.7% respectively. Intermediate goods fell by 0.1% in the euro area, but grew by 0.5% in the EU27. Non-durable consumer goods rose by 0.5% and 0.3% respectively.

Among the Member States for which data are available, total manufacturing working on orders fell in fourteen, rose in seven and remained unchanged in Latvia. The largest decreases were registered in Denmark (-22.1%), Slovenia (-5.8%) and Greece (-5.4%), and the highest increases in Ireland (+7.4%), Lithuania (+6.5%) and Sweden (+4.7%).

Annual changes

In July 2010 compared with July 2009, new orders for intermediate goods rose by 18.2% in the euro area and by 18.9% in the EU27. Capital goods increased by 8.3% and 10.9% respectively. Non-durable consumer goods gained 1.9% in the euro area and 1.1% in the EU27. Durable consumer goods fell by 1.0% in the euro area, but grew by 3.5% in the EU27.

Among the Member States for which data are available, total manufacturing working on orders rose in nineteen, fell in Greece (-4.1%) and Portugal (-0.3%) and remained unchanged in Italy. The highest increases were registered in Latvia (+66.6%), Estonia (+37.8%) and Hungary (+29.7%).


Source: Eurostat

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