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Industrial New Orders Down by 3.9% in Euro Area in September 2008
added: 2008-11-24

In September 2008 compared with August 2008, the euro area (EA15) industrial new orders index fell by 3.9%. In August the index decreased by 1.5%. In the EU27 new orders declined by 4.6% in September 2008, after dropping by 1.7% in August. Excluding ships, railway & aerospace equipment, for which changes tend to be more volatile, industrial new orders decreased by 2.2% in the euro area and by 2.7% in the EU27.

In September 2008 compared with September 2007, industrial new orders fell by 1.1% in the euro area and by 0.9% in the EU27. Total industry excluding ships, railway & aerospace equipment dropped by 0.7% and 0.2% respectively.

Monthly changes

In September 2008 compared with August 2008, new orders for textiles & textile products rose by 0.4% in the euro area and by 0.5% in the EU27. Chemicals & chemical products grew by 0.1% in both zones. Electrical & electronic equipment decreased by 1.1% in the euro area, but gained 0.2% in the EU27. Manufacturing of machinery & equipment dropped by 1.9% and 1.0% respectively. Transport equipment fell by 3.8% in the euro area and by 8.9% in the EU27. Manufacturing of basic metals & fabricated metal products declined by 5.1% and 6.1% respectively.

In September 2008, among the Member States for which data are available, total manufacturing working on orders rose in eight, fell in ten and remained stable in the Czech Republic. The highest increases were recorded in Latvia (+13.9%), Bulgaria (+12.5%) and Romania (+8.2%), and the largest decreases in Germany (-9.4%), Portugal (-4.9%) and Lithuania (-4.2%).

Annual changes

In September 2008 compared with September 2007, new orders for chemicals & chemical products grew by 9.2% in the euro area and by 9.0% in the EU27. Manufacturing of basic metals & fabricated metal products increased by 4.4% and 3.3% respectively. Electrical & electronic equipment gained 1.2% in the euro area and 0.9% in the EU27. Manufacturing of textiles & textile products fell by 3.5% and 3.6% respectively. Machinery & equipment declined by 3.9% in the euro area, but increased by 1.7% in the EU27. Transport equipment dropped by 14.8% and 13.9% respectively.

In September 2008, among the Member States for which data are available, total manufacturing working on orders rose in nine and fell in ten. The highest increases were registered in Latvia (+48.1%), Romania (+43.1%) and Lithuania (+18.3%), and the most significant falls in Spain (-9.1%), Sweden (-9.0%) and France (-4.9%).


Source: Eurostat

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