Source:Eurostat
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MAY ORDER BOOKS surge equally to Euro area's
25 JULY 2011
Order books rebounded +1.4% month-on-month in May as Capital Goods surged +3.2% fuelled by a major component, machinery and equipment +7.2% new orders increase along with Intermediate Goods +0.8% thanks to orders of electric components +0.6%. New orders of Non Durable Consumer Goods stayed sustained and grew +5.4% or over twofold the previous month while inversely, Durable Consumer Goods took a pause with new orders dipping -1.5%.
The automobile industry new orders index climbed to -1.8% and metal-metallic products +2.3%. The other industries group recorded +1.8% new orders rise, for the majority Non Durables, ahead of the summer period :new orders of textile jumped +6.5% followed by pharmaceutical products +6.3% and clothing +1.1%. Paper and cardboard products consequently rose to +1.4%. Metal and metallic products excluding machinery and equipment turned positive and climbed +2.3%.
On the same period, export order books to the Euro area contracted further and fell -1.7% for the third uninterrupted month. Extra-EU new industrial orders moved up to -0.9% but remained in negative territory despite the Euro's exchange rate to USD 1.41 by the end of the month compared with a high USD 1.48 the first weeks, as uncertainties over potential debt contagion rendered industrialists prudent.
In the Euro area, and in May, new orders jumped +3.6% (+2.8% in the EU 27) boosted by Capital Goods +3.2%, Intermediate Goods +2.5%, and Non Durable Consumer Goods +2.8%. New orders of Durable Consumer Goods decreased by 2.2%. New orders in Germany rose +2.2%, in Italy +3.8%, and in Spain +3%. In the UK, new orders grew +1.3%
In one year, France's new orders leaped +21%, the strongest performance year-on-year over the last semester. The Euro area gained over five percentage points and climbed +15.5% with new orders of Capital Goods up 17.1%, Intermediate Goods +16.4% and Non Durable Goods +9.2%. Durable Consumer Goods recorded -1.7% new orders dip. In Germany, news orders rose +15.7%, in Italy +15.1% and in Spain +6.3%. New orders in the UK climbed +10.6%
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