Eurozone industrial orders up 0.9 percent in April

21:53, June 24, 2010      

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Eurozone industrial new orders gained 0.9 percent in April month on month, but soared 22.1 year on year, according to data released by European Union (EU) statistic bureau Eurostat Thursday.

Excluding ships, railway and aerospace equipment, for which changes tend to be more volatile, new industrial orders grew by 1.1 percent in the 16 EU nations that share the single currency euro.

In April, new orders for intermediate goods rose by 1.7 percent in the eurozone, compared with March. Capital goods decreased by 0.8 percent. Durable consumer goods dropped by 0.9 percent, and non-durable consumer goods fell by 2.1 percent.

In the 27-nation EU, industrial new orders decreased by 0.2 percent in April on monthly basis after a rise of 7.1 percent in March, Eurostat said.

Compared with the same period last year, industrial new orders increased by 21.8 percent in the EU.

Among the EU member states for which data are available, total manufacturing working on orders rose in 11 countries and fell in 10 on monthly basis.

The highest increase was recorded in Hungary, up by 11 percent, while the largest decrease was registered in Denmark, down by 11.2 percent, followed by Greece and Spain.

Source: Xinhua


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