In November 2008 compared with October 2008, the euro area (EA15) industrial new orders index fell by 4.5%. In October the index decreased by 5.7%. In the EU27 new orders declined by 3.9% in November 2008, after dropping by 6.6% in October. Excluding ships, railway & aerospace equipment, for which changes tend to be more volatile, industrial new orders dropped by 3.4% in the euro area and by 4.5% in the EU27.