| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 Asia Economy


How to use our RSS feed

Follow Finfacts on Twitter

Web Finfacts

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management system.


Finfacts is Ireland's leading business information site and you are in its business news section.


Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Irish Economy

Global Income Per Capita

Global Cost of Living

Irish Tax - Income/Corporate

Global News

Bloomberg News

CNN Money

Cnet Tech News


Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News




Content Management by interactivetools.com.

News : EU Economy Last Updated: May 24, 2011 - 2:30 PM

New industrial orders down 1.8% in Eurozone in March; 13% dip in Ireland in month and annual fall of 6.6%
By Finfacts Team
May 24, 2011 - 11:49 AM

Email this article
 Printer friendly page

In the month of March 2011, the Eurozone (EA17) new industrial new orders index fell by 1.8%. In February the index grew by 0.5%. In the EU27, new orders dipped by 1.9% in March 2011, after a rise of 1.0% in February. Excluding ships, railway and aerospace equipment, for which changes tend to be more volatile, orders dropped by 1.1% in the Eurozone and by 1.2% in the EU27. Orders in Ireland fell 13% in the month and were down 6.65 on March 2010.

In March 2011 compared with March 2010,  grew by 14.1% in the Eurozone and by 11.3% in the EU27. Total industry excluding ships, railway & aerospace equipment4 rose by 15.2% and 13.3% respectively.

These estimates are released by Eurostat, the statistics office of the European Union.

Monthly comparison: In March 2011 compared with February 2011, new orders for durable consumer goods dropped by 6.8% in the Eurozone and by 4.0% in the EU27. Capital goods fell by 4.6% and 4.5% respectively. Non-durable consumer goods decreased by 3.5% in the Eurozone and by 2.1% in the EU27. Intermediate goods rose by 0.6% and 0.7% respectively.

Among the member countries for which data are available, total manufacturing working on orders fell in thirteen and rose in nine. The largest dips were registered in Denmark -22.3%, Ireland -13.0%, Portugal -8.4% and Slovakia -8.1%, and the highest rises in Finland +5.5%, Italy +4.5% and Estonia +3.9%.

Annual comparison: In March 2011 compared with March 2010, new orders for intermediate goods rose by 19.2% in the Eurozone and by 16.8% in the EU27. Capital goods increased by 14.5% and 11.6% respectively. Non-durable consumer goods fell by 0.5% in the Eurozone and by 2.9% in the EU27. Durable consumer goods decreased by 2.6% and 3.9% respectively.

Among the member countries for which data are available, total manufacturing working on orders rose in nineteen and fell in three. The highest increases were registered in Estonia +59.6%, Bulgaria +37.3%, Lithuania +37.2% and Latvia +34.1%, and the declines in Greece -9.3%, the United Kingdom -8.1% and Ireland -6.6%.

The Eurozone (EA17) includes Belgium, Germany, Estonia, 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).

Related Articles
Related Articles

© Copyright 2011 by Finfacts.com

Top of Page

EU Economy
Latest Headlines
Spain's strong recovery to slow in the next few years
Italy's Mezzogiorno is Achilles' heel of Euro Area - lowest birth rate since 1862
Euro Area GDP grows at weak 0.3% in Q2 2015
German GDP up 0.4% in Q2 2015; France's GDP stagnates
Germany's Surplus: Lots of critics; Credible solutions scarce
Euro Area industrial production dips in June and May after a flat April
Greece faces two years of recession according to EU officials
High EU youth unemployment rate not as bad as it seems
Eurozone retail PMI surges to highest since January 2011
ECB monetary policy still tight for Southern Europe
German exports fell in June — surplus at record; Exports up 13.7% year-on-year
Eurozone manufacturing sector continued to expand in July
Weak euro unlikely to have significant impact on Euro Area growth
Is Euro Area Ireland's top trading partner?: EU28 is overwhelmingly UK's
German car firms boost exports from Spain, UK, Portugal, Czech Republic, Slovakia, Hungary and Romania
Flash Eurozone manufacturing/ services PMI close to four-year high despite Greek crisis
Krugman calls euro a Roach Motel; Hotel California gets 1-star grade
Greece & Euro Crisis: July 2015 articles from Finfacts
Greece and other poor countries in Euro Area will not become rich
Euro Area manufacturing/ services PMI hits four-year high in June
Western European car market: Recovery continues
Greece could become a failed state like Venezuela
Multinational companies pay on average 30% less tax than domestic competitors in EU
EU's list of 30 tax havens omits the biggest 4 in Europe
China to invest in Juncker's European investment fund
Greek talks collapse; Game theorists gambling with future — Germany's vice-chancellor
German exports and industrial production in strong rises in April
Tackling Inequality: Scandinavian countries have the most successful welfare systems in Europe
Eurozone unemployment fell by 130,000 in April 2015 — down 849,000 in 12 months
Eurozone service sector business activity slowed during May
German 2015 GDP forecast cut; Jobless level at 24-year low
Eurozone manufacturing in modest acceleration in May
FDI into Europe at record in 2014; UK on top: Germany location for future investment
Eurozone economy loses growth momentum; Jobs growth rises
Athens leak suggests Juncker has plan for Greece
Draghi will not end QE early but warns of risks
Eurozone grows faster than US and UK in Q1 2015
German GDP at slower pace, France faster in Q1 2015
Germany may cut income tax; Germans still shun risky investments
Germany had record exports and imports in March 2015