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Industrial new orders drop two per cent in euro zone

Wed, Mar 24 2010 12:17 CET 2089 Views
Industrial new orders drop two per cent in euro zone

A band-conveyor with iron ore for steel production at Europe's largest steel factory of Germany's industrial conglomerate ThyssenKrupp AG in the western German city of Duisburg, March 17 2010.

Industrial new orders in the 16-member euro zone were two per cent lower in January 2010 than in December 2009, according to figures released on March 24 2010 by the EU's statistical office Eurostat.

In December 2009, the index rose by 0.8 per cent.

Across the 27 member states of the EU, new orders decreased by 0.2 per cent in January 2010, after an increase of 0.9 per cent in December 2009.

Excluding ships, railway and aerospace equipment, for which changes tend to be more volatile, industrial new orders fell by 1.3 per cent in the euro area and by 0.1 per cent in the EU27.

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

Monthly changes

In January 2010 compared with December 2009, new orders for capital goods dropped by 6.8 per cent in the euro area and by 4.6 per cent in the EU27.

Non-durable consumer goods fell by 2.1 per cent and 0.6 per cent, respectively. Durable consumer goods increased by 0.6 per cent in the euro area, but decreased by 0.1 per cent in the EU27. Intermediate goods rose by 4.7 per cent and 4.6 per cent, respectively.

Among the EU member states for which data are available, total manufacturing working on orders fell in 11 and rose in eight.

The largest decreases were registered in Greece (-11 per cent), France (-10.8 per cent) and Denmark (-6.8 per cent), and the highest increases in Ireland (+31.3 per cent), Romania (+8.3 per cent), Lithuania and Poland, both six per cent.

Annual changes

In January 2010 compared with January 2009, new orders for intermediate goods rose by 12.6 per cent in the euro area and by 11.3 per cent in the EU27.

Capital goods increased by 5.5 per cent and 5.2 per cent, respectively. Durable consumer goods gained 0.2 per cent in the euro area and 5.4 per cent in the EU27. Non-durable consumer goods fell by 3.5 per cent and 4.5 per cent, respectively.

Among the member states for which data are available, total manufacturing working on orders rose in 11 and fell in nine. The highest increases were in Slovakia (+21.3 per cent), Romania (+16.3 per cent) and Germany (+15.3 per cent), and the largest decreases in Ireland (-13.2 per cent), Estonia (-10.3 per cent) and Hungary (-6.4 per cent).

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