Industrial new orders down by 6.4% in euro area

Eurostat, the statistical office of the European Union, reports that in September 2011 compared with August 2011, the euro area (EA17) industrial new orders index fell by 6.4%.

In August the index rose by 1.4%.

In the EU27 new orders decreased by 2.3% in September 2011, after a fall of 0.3% in August. Excluding ships, railway & aerospace equipment, for which changes tend to be more volatile, industrial new orders dropped by 4.3% in the euro area and by 2.1% in the EU27.

In September 2011 compared with September 2010, industrial new orders increased by 1.6% in the euro area and by 2.3% in the EU27. Total industry excluding ships, railway & aerospace equipment rose by 2.5% and 3.5% respectively.