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Industrial New Orders up by 1.4% in Euro Area in October 2010
added: 2011-01-06

In October 2010 compared with September 2010, the euro area (EA16) industrial new orders index rose by 1.4%. In September the index fell by 4.2%. In the EU27, new orders increased by 0.6% in October 2010, after a decrease of 2.5% in September. Excluding ships, railway & aerospace equipment, for which changes tend to be more volatile, industrial new orders increased by 0.9% in the euro area and by 0.8% in the EU27.

In October 2010 compared with October 2009, industrial new orders grew by 14.8% in the euro area and by 14.3% in the EU27. Total industry excluding ships, railway & aerospace equipment rose by 14.4% in both zones.

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

Monthly changes

In October 2010 compared with September 2010, new orders for durable consumer goods rose by 5.0% in the euro area and by 4.1% in the EU27. Non-durable consumer goods increased by 1.6% and 1.3% respectively. Intermediate goods gained 1.3% in the euro area and 1.1% in the EU27. Capital goods grew by 1.3% in the euro area, but fell by 0.2% in the EU27.

Among the Member States for which data are available, total manufacturing working on orders rose in fifteen and fell in eleven. The highest increases were registered in Lithuania (+16.0%), Latvia (+9.8%) and Greece (+9.5%), and the largest decreases in Hungary (-6.8%), Luxembourg (-3.6%) and Belgium (-2.7%).

Annual changes

In October 2010 compared with October 2009, new orders for capital goods rose by 18.2% in the euro area and by 17.2% in the EU27. Intermediate goods increased by 16.0% and 15.3% respectively. Non-durable consumer goods grew by 3.7% in the euro area and by 3.1% in the EU27. Durable consumer goods gained 2.3% and 6.4% respectively.

Among the Member States for which data are available, total manufacturing working on orders rose in twenty-five and fell only in Denmark (-2.0%). The highest increases were registered in Estonia (+58.3%), Lithuania (+51.1%) and Latvia (+47.0%), and the smallest in Spain (+2.8%) and Hungary (+3.3%).


Source: Eurostat

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