New Orders On The Increase In Europe

Industrial new orders increased by 1.8% in the euro area in October 2011 compared with a fall of 7.8% in September according to Eurostat. Orders also increased in the EU27 by 0.5% after a fall of 2.1%. Over the year since October 2010 industrial new orders increased by 1.6% in the euro area and by 2.6% in the EU27.

Industrial New Orders Down By 6.4% In EA17

The index for industrial new orders for the euro area fell by 6.4% in September 2011 compared with August according to Eurostat. In the EU27 the index fell by 2.3%. If the more volatile sectors are excluded the falls were 4.3% in the euro area and 2.1% in the EU27. The annual comparison however recorded increases of 1.6% in the euro area and 2.3% in the EU27 in September 2011.

European Industries See Increase In New Orders

European industries experienced an increase in new orders in August 2011 compared with July and with August 2010. The euro area index rose by 1.9% on the month and 6.2% over the year. The EU27 increases were 0.4% over the month and 6.5% over the year.

New orders for capital goods increased 2.7% in the euro area between July and August and 1.1% in EU27, non-durables increased 1.2% and 0.5% respectively, durable consumer goods fell by 0.8% and 1.8%. Intermediate goods orders grew by 1.1% in both zones. Durable consumer goods orders also fell on the annual comparison, 3.1% in the euro area and 8.4% in EU27. Capital goods orders rose by 7.8% in the euro area and 8.2% in the EU27 and intermediate goods orders by 6.1% and 6.9% respectively.