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Industrial New Orders up by 2.5% in Euro Area in October 2007
added: 2007-12-21

The euro area (EA13) industrial new orders index grew by 2.5% in October 2007 compared with September 2007. The index fell by 1.0% in September. EU27 new orders increased by 5.4% in October 2007 after a decrease of 1.7% in September. Excluding ships, railway & aerospace equipment4 industrial new orders gained 1.9% in the euro area and 0.8% in the EU27 in October 2007. In October 2007 compared with October 2006, industrial new orders increased by 10.9% in the euro area and by 16.6% in the EU27. Total industry excluding ships, railway & aerospace equipment grew by 9.0% in the euro area and by 11.1% in the EU27.

Monthly changes

In October 2007 compared with September 2007, new orders for transport equipment increased by 8.6% in the euro area and by 15.0% in the EU27. Manufacturing of basic metals & fabricated metal products rose by 3.7% and 2.9% respectively. Textiles & textile products gained 2.7% in the euro area and 1.9% in the EU27. Electrical & electronical equipment grew by 0.7% in the euro area, but fell by 0.4% in the EU27. Manufacturing of chemicals & chemical products increased by 0.5% and 0.1% respectively. Machinery and equipment decreased by 0.8% in the euro area and by 0.9% in the EU27.

In October 2007, among the Member States for which data are available, total manufacturing working on orders rose in sixteen and fell in four. The highest increases were recorded in Bulgaria (+15.4%), Latvia (+14.1%) and the Czech Republic (+12.3%), and the largest decreases in Sweden (-3.9%) and Belgium (-1.8%).

Annual changes

In October 2007 compared with October 2006, new orders for transport equipment increased by 22.3% in the euro area and by 41.0% in the EU27. Manufacturing of machinery & equipment grew by 13.1% and 14.2% respectively. Chemicals & chemical products gained 8.1% in the euro area and 10.6% in the EU27. Manufacturing of basic metals & fabricated metal products rose by 7.5% and 7.8% respectively. Textiles & textile products increased by 3.3% in the euro area and by 5.8% in the EU27. Manufacturing of electrical & electronic equipment grew by 3.1% and 3.5% respectively.

In October 2007, among the Member States for which data are available, total manufacturing working on orders rose in nineteen and fell only in Greece (-1.7%). The highest increases were registered in Poland (+61.1%), Lithuania (+31.9%), Romania (+25.6%) and the Czech Republic (+20.5%).


Source: European Commission

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