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News : International Last Updated: Jan 26, 2010 - 6:36:10 AM


Eurozone new industrial orders surged 2.7% in November boosted by Germany; Down 0.5% in year to November; Annual Irish orders plunged -26.5%
By Finfacts Team
Jan 25, 2010 - 1:54:59 PM

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In the month of November 2009, Eurozone (EA16) new industrial orders index surged by 2.7%. In October the index fell by 2.1%. In the EU27 new orders increased by 2.6% in November 2009, after a decrease of 1.5% in October. Excluding ships, railway & aerospace equipment, for which changes tend to be more volatile, new industrial new orders rose by 2.7% in the Eurozone and by 2.9% in the EU27. Eurostat, the EU's statistics office, had originally issued a figure of 1.6% on Friday, but published new numbers today after adjusted d German data were received, underlined the recovery from October - - also upwardly revised. Irish orders fell -26.5% in year to November.

The amended Eurostat data also showed that factory orders in the Eurozone were down just 0.5% - as against the 1.5% originally announced - compared to a year earlier.

In the EU 27, orders in the 12 months to November 2009 dipped 1.2% in the EU27. Total industry excluding ships, railway & aerospace equipment dropped by 0.8% in both zones.

Monthly changes

In the month of  November 2009, new orders for intermediate goods increased by 2.3% in the Eurozone and by 2.1% in the EU27. Capital goods rose by 1.1% and 2.8% respectively. Durable consumer goods gained 0.6% in the Eurozone and 0.3% in the EU27. Non-durable consumer goods grew by 0.8% and 1.6% respectively.

Among the Member States for which data are available, total manufacturing working on orders rose in fifteen and fell in eight. The highest increases were registered in Austria (+10.3%), Estonia (+7.4%) and Greece (+7.3%), and the largest decreases in Hungary (-9.6%), Ireland (-4.4%) and Bulgaria (-4.1%).

Annual changes

In the 12 months to November 2009, new orders for non-durable consumer goods rose by 1.6% in the Eurozone and by 4.3% in the EU27. Capital goods increased by 0.8% in the Eurozone, but fell by 1.9% in the EU27. Intermediate goods decreased by 2.1% and 1.8% respectively. Durable consumer goods declined by 5.3% in the Eurozone, but grew by 0.1% in the EU27.

Among the Member States for which data are available, total manufacturing working on orders rose in nine, fell in fourteen and remained stable in Italy. The highest rises were registered in Slovenia (+10.6%), the Czech Republic (+7.9%) and Finland (+6.9%), and the largest falls in Ireland (-26.5%), Lithuania (-24.8%) and Estonia (-16.3%).

The Eurozone (EA16) includes Belgium, Germany, Ireland, Greece, Spain, France, Italy, Cyprus, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.

The EU27 includes Belgium (BE), Bulgaria (BG), the Czech Republic (CZ), Denmark (DK), Germany (DE), Estonia (EE), Ireland (IE), Greece (EL), Spain (ES), France (FR), Italy (IT), Cyprus (CY), Latvia (LV), Lithuania (LT), Luxembourg (LU), Hungary (HU), Malta (MT), the Netherlands (NL), Austria (AT), Poland (PL), Portugal (PT), Romania (RO), Slovenia (SI), Slovakia (SK), Finland (FI), Sweden (SE) and the United Kingdom (UK).

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