Industrial new orders for July 2010 down by 2.4% in euro area, down by 2.3% in EU – Eurostat

The latest Eurosat statistics on industrial production for July published today showed that in July 2010, the 16-member euro area industrial new orders index fell by 2.4% when compared with June 2010. In June the index had increased by 2.4%.

22 September 2010, 12:00am
by Charlot Zahra

2 min read

However, Malta was one of those five EU countries that did not submit thier statistics in time to Eurostat as these were not included in the Eurostat press release.

In the EU, new orders declined by 2.3% in July 2010, after a rise of 2.5% in June. Excluding ships, railway & aerospace equipment, for which changes tended to be more volatile, industrial new orders fell by 0.6% in the euro area and by 0.5% in the EU.

On a monthly basis, in July 2010 compared with June 2010, new orders for capital goods dropped by 5.1% in the euro area and by 5.7% in the EU.

Durable consumer goods decreased by 3.2% and 1.7% respectively in July 2010 when compared to June 2010.

Intermediate goods fell by 0.1% in the euro area, but grew by 0.5% in the EU. Non-durable consumer goods rose by 0.5% and 0.3% respectively.

Among the Member States for which data was available, total manufacturing working on orders fell in fourteen, rose in seven and remained unchanged in Latvia.

The largest decreases were registered in Denmark (-22.1%), Slovenia (-5.8%) and Greece (-5.4%), and the highest increases in Ireland (+7.4%), Lithuania (+6.5%) and Sweden (+4.7%).

On an annual basis, when compared with July 2009, industrial new orders grew by 11.2% in the euro area and by 12.5% in the EU. Total industry excluding ships, railway & aerospace equipment rose by 13.6% and 14.8% respectively.

In July 2010 compared with the previous year, new orders for intermediate goods rose by 18.2% in the euro area and by 18.9% in the EU. Capital goods increased by 8.3% and 10.9% respectively when compared to a year ago.

Non-durable consumer goods gained 1.9% in the euro area and 1.1% in the EU.

Durable consumer goods fell by 1.0% in the euro area, but grew by 3.5% in the EU..

Among the Member States for which data was available, total manufacturing working on orders rose in nineteen, fell in Greece (-4.1%) and Portugal (-0.3%) and remained unchanged in Italy.

The highest increases were registered in Latvia (+66.6%), Estonia (+37.8%) and Hungary (+29.7%).