Source:Eurostat
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EURO area JUNE order books turn negative xcpt CAP. Goods
24 AUGUST 2011
Order books dipped -0.7% in June month-on-month in the Euro area and -0.3% in the EU 27 pushed down by industrial groups negative performances with the exception of Capital Goods, up 4.1% and on the increase for the third consecutive month, a hefty 90.4% share of total manufacturing orders.
New orders of Intermediate Goods turned negative and fell -5.3%, second in rank in weighted contribution or 68% of all manufacturing orders, followed by Durable Consumer Goods -3.4% decline and Non Durable Consumer Goods -3.2% dip due to lesser demand triggered by tighter personal finances.
Out of the region's major economies including France, new orders in export-led Germany moved down to +1.2%, the slowest momentum since the beginning of the year as the quarter's turbulences in Europe and the USA forced industrialists to postpone decision-making investments. In Spain, new orders contracted -1.5% following the previous month surge as the country's debt concern mounted. There were no figures available for Italy. In the UK, Europe's fifth heavy weight, new orders fell -0.3%
Other member states reflected their local environment: Finland's momentum picked up with new orders back in positive territory +10.2% while inversely Sweden's plunged -10.5%. Denmark's activities stayed sustain with new orders jumping +19.2%.
Eastern Europe's leading economies, Poland and Slovakia, performed unevenly with new orders respectively slowing down to +0.6% and turning negative to
-3.8%. Latvia's order books recorded their first leap in four months, +15.7%. In Ireland and Portugal, new orders stayed in the black although moderately, respectively +0.2% and +0.6% while Greece's dipped anew, -1.4%, as June witnessed the country's second call for a new bail-out package, a red light for purchasing managers.
In one year, overall order books in the Euro area slowed down by nearly three percentage points to +11.1% and in the EU 27 and by over four points to +8.5%.
New orders of Capital Goods increased by four percentage points to +18.9%, but Intermediate Goods was slashed to +5.7%. New orders of Durable Consumer Goods fell -5.8% and Non Durable Consumer Goods stayed in the black but moved down to +2.7%.
France's new orders jumped +20.2% boosted by Capital Goods this month. In Germany, new orders moved down to +11.6%, in Spain to +2.7% while the UK's contracted by 2.9%. Finland's rose +16%, and Poland's +10.8%
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