Industrial new orders increased by 11.1% in June 2011 compared with 2010 in the euro area and 8.5% in the EU27 according to a statistical bulletin from Eurostat, the EU statistics office (excluding volatile sectors the index rose by 7.9% in the euro area and 6.3% in the EU27).
In June compared with May however the index fell by 0.7% in the euro area and 0.3%. The volatile sectors such as ships, railway and aerospace equipment can skew the index considerably and when they are excluded new orders fell by 3% in the euro area and 2.2% in the EU27.
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