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Europe — Monthly industrial new orders down by -0.2% but up +6.3% year-on-year

26 March 2010

According to the latest data published by the statistical office of the European Union (Eurostat), the 'Industrial New Orders Index' for the sixteen countries which share the Euro as common currency (EA16), fell by -2.0% in January 2010 compared to the previous month. In December 2009, the monthly index rose by +0.8%.

In the whole EU (EU27), new orders decreased by -0.2% in January 2010, after an increase of +0.9% in December 2009. Excluding ships, railway and aerospace equipment, for which changes tend to be more volatile, industrial new orders fell by -1.3% in the euro area and by -0.1% in the EU27.


In January 2010 compared with January 2009, industrial new orders increased by +7.0% in the euro area and by +6.3% in the EU27. Total industry excluding ships, railway and aerospace equipment rose by +7.0% in the euro area and by +7.5% in the EU27.

Monthly changes
In January 2010 compared with December 2009, new orders for capital goods dropped by -6.8% in the euro area and by -4.6% in the EU27. Non-durable consumer goods fell by -2.1% and -0.6% respectively. Durable consumer goods increased by +0.6% in the euro area, but decreased by -0.1% in the EU27. Intermediate goods rose by +4.7% and +4.6% respectively.

Among the Member States for which data are available, total manufacturing working on orders fell in eleven and rose in eight. The largest decreases were registered in Greece (-11.0%), France (-10.8%) and Denmark (-6.8%). The highest increases were in Ireland (+31.3%), Romania (+8.3%), Lithuania and Poland (both +6.0%).

Annual changes
In January 2010 compared with January 2009, new orders for intermediate goods rose by +12.6% in the euro area and by +11.3% in the EU27. Capital goods increased by +5.5% and +5.2% respectively. Durable consumer goods gained +0.2% in the euro area and +5.4% in the EU27. Non-durable consumer goods fell by -3.5% and -4.5% respectively.

Among the Member States for which data are available, total manufacturing working on orders rose in eleven and fell in nine. The highest increases were registered in Slovakia (+21.3%), Romania (+16.3%) and Germany (+15.3%), and the largest decreases in Ireland (-13.2%), Estonia (-10.3%) and Hungary (-6.4%).
 
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