Source:Eurostat
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NOV.ORDER BOOKS record second consecutive rise
26 JAN. 2011
ORDER BOOKS rose +2.9% month-on-month to November, the second consecutive increase although new orders from the Euro area moved down to +1.6% while export order books edged down to +2.6%. New orders of Intermediate Goods jumped +4.8% as new orders of electric equipment-machinery and IT equipment leaped +9.1% followed by metal products +8.7% rise. Capital Goods by contrast saw new orders plunge to -0.9%. New orders of Durable Consumer Goods dived -8% as among major components, new orders of optical and electronic equipment moved down to +1.9%. Non Durable Consumer Goods also moved to negative territory -1.7% as new orders of textile, clothing and pharmaceutical products fell by more than half to +1%, +4%, and -4.8% respectively compared with the previous month.
In the Euro area, new orders moved up to +2.1% the second uninterrupted upward momentum equally to France. Intermediate Goods and Capital Goods also remained on the increase, with new orders rising respectively +1.3% and +1.8% while new orders of Durable Goods turned negative to -0.9% and Non Durable Consumer Goods -1.5%. New orders in Germany rebounded +5.3%, and surged +2.2% in Spain while Italy's recorded its third consecutive decline and fell -2%. In the UK, new orders turned positive to +2.7%.
East European member states performed unevenly with new orders entering positive territory, +3% in Romania, while inversely Poland, eastern Europe largest economy, dipped -1.5%. In Hungary new orders jumped +17.1%, and turned positive in the Czech Republic and in Bulgaria respectively +2.3% and +3.6%.
In one year, new orders in France rose +16.6%, the highest increase in over a year. Germany's jumped +26.2%, Italy's moved down to +9.4% and Spain's leaped to +12.7%. The UK's nearly rose by half to +12.6%.
Per industrial group, the Euro area's new orders climbed back to +19.9% less than four percentage points behind June's levels. New orders of Intermediate Goods rose +23.3% and Capital Goods +22%. Inversely, consumer demand affected new orders of Durable Consumer Goods positively, up +6% and equally Non Durable Consumer Goods up +5.3%
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