Source:INSEE

19 AUGUST 2011


Order books rose +0.6% month-on-month in June  (total new orders on hand jumped +13.8% the highest increase since 2010) fuelled by Capital Goods +36% leap as new orders of transport equipment skyrocketed +63.5% nearly twofold December 2010 and close to December 2009 performances and pre-crisis April levels. The Automobile industry order books index surged +4.6%, the first rebound in over three months, while other transport equipment (mainly ships, aerospace and railway) shot up +304% due to the aerospace and railway.  

Intermediate Goods by contrast dipped -2.3% but is likely to pick up by ricochet in three months time. New orders of Durable Consumer Goods fell -12.4% due to lesser demand while Non Durable Goods recorded the usual June dip and turned negative to -3.6%.

Export order books on the same period moved up to -0.1% since the Euro-USD parity kept at a stable USD 1.44 http://www.banque-france.fr/index.htm while commodity prices dip moved up demand.

Intra-Euro area order books froze at -2.7% for the second consecutive month over debt uncertainties until the Greek parliament's vote for a drastic five-year privatization program.

The index other strong performer included IT-electric components and optical equipment +18.8% surge. Wood-paper-cardboard remained in the black with new orders up +0.5% followed by the Chemical industry +0.6% and pharmaceutical products +0.9%

Inversely, new orders of metal-metallic products fell -3.8%, electric equipment -9.8% and machinery and equipment -7.2%. Textile-clothing took a pause with new orders down -5.7% following the previous month surge. 
 
In one year to June, total new orders rose +13.3%, export order books +11.9% and Euro area orders +2.7%. New orders of Capital Goods  jumped +46.6%, Intermediate Goods +11.6%, Durable Consumer Goods +3.4% and Non Durable +2.9%. The Automobile Industry new orders index climbed +19.8% and transport equipment +68%.