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Industrial New Orders Down by 3.8% in Euro Area in September 2010
added: 2010-11-25

In September 2010 compared with August 2010, the euro area (EA16) industrial new orders index fell by 3.8%. In August the index rose by 5.1%. In the EU27, new orders decreased by 2.5% in September 2010, after a gain of 3.5% in August3. Excluding ships, railway & aerospace equipment, for which changes tend to be more volatile, industrial new orders declined by 3.3% in the euro area and by 0.7% in the EU27.

In September 2010 compared with September 2009, industrial new orders grew by 13.5% in the euro area and by 13.4% in the EU27. Total industry excluding ships, railway & aerospace equipment4 rose by 15.6% and 15.2% respectively.

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

Monthly changes

In September 2010 compared with August 2010, new orders for non-durable consumer goods fell by 1.8% in both the euro area and the EU27. Intermediate goods decreased by 2.2% and 1.9% respectively. Capital goods declined by 2.5% in the euro area and by 2.7% in the EU27. Durable consumer goods fell by 6.3% and 3.0% respectively.

Among the Member States for which data are available, total manufacturing working on orders rose in eleven and fell in eleven. The highest increases were registered in Estonia (+8.5%), Hungary (+6.9%) and the Netherlands (+4.8%), and the largest decreases in Denmark (-27.3%), Greece (-16.3%) and Lithuania (-5.1%).

Annual changes

In September 2010 compared with September 2009, new orders for intermediate goods rose by 20.0% in the euro area and by 19.4% in the EU27. Capital goods increased by 12.0% and 13.0% respectively. Non-durable consumer goods grew by 2.2% in the euro area, but fell by 1.1% in the EU27. Durable consumer goods decreased by 1.9% in the euro area, but gained 1.2% in the EU27.

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 (+52.9%), Finland (+31.9%) and Latvia (+31.6%). The decreases were observed in Greece (-7.7%), Denmark (-7.6%) and France (-0.4%).


Source: Eurostat

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