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In 2011, the number of nights spent in hotels and similar establishments in the EU27 reached a peak of 1.6 billion nights, up by 3.8% compared with 2010. The evolution of the number of nights spent in hotels in the EU27 showed alternating phases of growth and decline over the last decade. After a low point in 2003, the number of nights spent grew steadily for four successive years. In 2008 and 2009, the number of nights spent in the EU27 fell, but in 2010 began to recover from the crisis to reach a new record in 2011 for both nights spent by residents and by non-residents.

The Conference Board Leading Economic Index® (LEI) for Germany declined 0.2 percent and The Conference Board Coincident Economic Index® (CEI) decreased 0.2 percent in November.

In November 2011 compared with October 2011, the euro area (EA17) industrial new orders index fell by 1.3%, after a rise of 1.5% in October. In the EU27 new orders decreased by 1.4% in November 2011, after an increase of 0.2% in October. Excluding ships, railway & aerospace equipment, for which changes tend to be more volatile, industrial new orders dropped by 0.5% in the euro area and by 1.2% in the EU27.