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July 2007 compared to June 2007
Industrial new orders down by 4.0% in euro area |
| Theallineed.com |
July 2007 compared to June 2007
Industrial new orders down by 4.0% in euro area
Down by 3.9% in EU27
The euro area1 (EA13) industrial new orders index2 fell by 4.0% in July 2007 compared with June 2007. The index rose by 4.5% in June3. EU271 new orders decreased by 3.9% in July 2007, after an increase of 5.3% in June3. Excluding ships, railway & aerospace equipment4 industrial new orders fell by 0.1% in the euro area, but rose by 0.8% in the EU27 in July 2007.
In July 2007 compared with July 2006, industrial new orders increased by 10.9% in the euro area and by 13.2% in the EU27. Total industry excluding ships, railway & aerospace equipment grew by 11.7% in the euro area and by 13.7% in the EU27.
These estimates are released by Eurostat, the Statistical Office of the European Communities.
Monthly changes
In July 2007 compared with June 2007, new orders for machinery & equipment rose by 2.5% in the euro area and by 5.5% in the EU27. Manufacturing of electrical & electronic equipment increased by 0.9% and 1.8% respectively. Basic metals & fabricated metal products gained 0.8% in the euro area and 1.1% in the EU27. Chemicals & chemical products fell by 0.1% in the euro area and by 0.7% in the EU27. Manufacturing of textiles & textile products fell by 1.4% and 1.2% respectively. Transport equipment declined by 16.0% in the euro area and by 13.8% in the EU27.
In July 2007, among the Member States for which data are available, total manufacturing working on orders rose in thirteen and fell in seven. The highest increases were recorded in Hungary (+25.2%), Denmark (+13.4%) and Poland (+7.1%), and the largest decreases in Latvia (-21.5%), Germany (-7.9%) and Estonia (-3.4%).
Annual changes
In July 2007 compared with July 2006, new orders for machinery & equipment grew by 19.0% in the euro area and by 22.0% in the EU27. Manufacturing of basic metals & fabricated metal products increased by 11.4% and 11.7% respectively. Transport equipment gained 10.0% in the euro area and 16.7% in the EU27. Manufacturing of chemicals & chemical products rose by 9.0% and 11.4% respectively. Electrical & electronic equipment grew by 7.4% in the euro area and by 8.5% in the EU27. Manufacturing of textiles & textile products increased by 7.3% and 6.5% respectively.
In July 2007, among the Member States for which data are available, total manufacturing working on orders rose in nineteen and fell only in Greece (-0.6%). The highest increases were registered in Poland (+63.4%), Hungary (+38.4%) and Lithuania (+35.9%).
From 1 January 2007 the euro area (EA13) consists of Belgium, Germany, Ireland, Greece, Spain, France, Italy, Luxembourg, the Netherlands, Austria, Portugal, Slovenia and Finland.
The EU27 includes Belgium (BE), Bulgaria (BG), the Czech Republic (CZ), Denmark (DK), Germany (DE), Estonia (EE), Ireland (IE), Greece (EL), Spain (ES), France (FR), Italy (IT), Cyprus (CY), Latvia (LV), Lithuania (LT), Luxembourg (LU), Hungary (HU), Malta (MT), the Netherlands (NL), Austria (AT), Poland (PL), Portugal (PT), Romania (RO), Slovenia (SI), Slovakia (SK), Finland (FI), Sweden (SE) and the United Kingdom (UK).
The new orders index measures the value of future deliveries of products and services (which are directly linked to these products) to be provided by a producer to a third party on the domestic and non-domestic market. The total manufacturing aggregate includes only those NACE levels required by the STS Regulation to be supplied by the Member States (NACE 17, 18, 21, 24, 27-35) and is referred to as "total manufacturing working on orders". The euro area and EU aggregates normally do not include Member States for which no data is available. For methodology see News Release 135/2003 of 26 November 2003.
The seasonally adjusted euro area and EU series are calculated by aggregating the unadjusted series from individual Member States and performing an adjustment for seasonal effects on these series. Therefore the seasonally adjusted figures for the European aggregates are based directly on the unadjusted series coming from the Member States and not on an aggregation of the seasonally adjusted indices from the Member States. The euro area and EU seasonally adjusted growth rates might differ from the weighted growth rates of the individual Member States. This procedure also implies that the aggregation of the overall figures is not based on the published details.
Data of previous months have been revised compared to those issued in the News Release 116/2007 of 22 August 2007. The figures for June 2007 were +4.4% in the euro area and +4.9% in the EU27 for the monthly changes, and +13.8% in the euro area and +14.0% in the EU27 for the annual changes.
Transport equipment includes NACE 34 (motor vehicles) and NACE 35 (other transport equipment, which includes ships, railway & aerospace equipment). New orders for NACE 35 tend to be very volatile with a limited immediate impact on production. The new aggregate "Manufacturing working on orders excluding NACE 35" is less erratic. The share of NACE 35 in total manufacturing working on orders is 3.9% for the euro area and 4.3% for the EU.
When shown as confidential in the table, data for Cyprus, Malta, Finland and the United Kingdom are included in the European aggregates. They are not published at the national level and are therefore still confidential.
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