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Industrial New Orders Down by 6.4% in Euro Area in September 2011
added: 2011-11-24

In September 2011 compared with August 2011, the euro area (EA17) industrial new orders index fell by 6.4%. In August the index rose by 1.4%. In the EU27 new orders decreased by 2.3% in September 2011, after a fall of 0.3% in August. Excluding ships, railway & aerospace equipment, for which changes tend to be more volatile, industrial new orders dropped by 4.3% in the euro area and by 2.1% in the EU27.

In September 2011 compared with September 2010, industrial new orders increased by 1.6% in the euro area and by 2.3% in the EU27. Total industry excluding ships, railway & aerospace equipment rose by 2.5% and 3.5% respectively.

Monthly comparison

In September 2011 compared with August 2011, new orders for capital goods fell by 6.8% in the euro area and by 2.1% in the EU27. Intermediate goods dropped by 3.2% and 2.1% respectively. Non-durable consumer goods declined by 2.0% in both zones. Durable consumer goods decreased by 0.6% in the euro area, but increased by 1.1% in the EU27.

Among the Member States for which data are available, total manufacturing working on orders fell in ten and rose in twelve. The largest decreases were registered in Italy (-9.2%), Estonia (-9.1%), France (-6.2%), Spain (-5.3%) and Germany (-4.4%), and the highest increases in Denmark (+14.0%), Latvia (+13.1%), Poland (+5.1%) and the Czech Republic (+4.8%).

Annual comparison

In September 2011 compared with September 2010, new orders for intermediate goods rose by 3.1% in the euro area and by 3.9% in the EU27. Durable consumer goods increased by 1.3% in the euro area, but decreased by 3.4% in the EU27. Non-durable consumer goods gained 0.8% and 0.1% respectively. Capital goods grew by 0.6% in the euro area and by 2.4% in the EU27.

Among the Member States for which data are available, total manufacturing working on orders rose in eighteen and fell in the Netherlands (-4.8%), Italy (-4.3%), the United Kingdom (-3.4%) and Ireland (-1.6%). The highest increases were registered in Latvia (+37.7%), Denmark (+31.2%), Lithuania (+28.9%) and Poland (+18.0%).


Source: ECB

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