Eurozone industrial new orders soar 5.2% in March

08:21, May 26, 2010      

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Eurozone industrial new orders soared by 5.2 percent in March, compared with the previous month, according to data released by the European Union (EU) statistic bureau Eurostat on Tuesday.

In the 27-nation EU, new orders rose by 5.9 percent in March after a rise of 1.1 percent in February, Eurostat said.

Compared with March 2009, industrial new orders increased by 19.8 percent in the euro zone and by 20.7 percent in the EU.

Among the various industries, new orders for capital goods rose by 5.7 percent in the euro zone and by 5.9 percent in EU on monthly basis.

Intermediate goods increased by 5.4 percent in the euro zone and by 6.1 percent in the EU. Non-durable consumer goods gained 4.2 percent in the euro zone and 4.5 percent in the EU, while durable consumer goods grew by 2.4 percent and 1.2 percent respectively.

Among the member states for which data were available, total manufacturing working on orders rose in eighteen and fell in three compared to February. The highest increase was registered in Denmark, up by 20.6 percent, but Portugal recorded the sharpest monthly drop of 9.9 percent.

Industrial new orders in Germany, the largest EU economy, gained 5.7 percent month on month.



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