According to a statement released on January 5 by Eurostat, the Statistical Office of the European Communities, the new industrial orders index in the European Union member states (EU-27) rose by 0.5 percent month on month in October 2011, after a revised month-on-month decrease of 2.1 percent recorded in September. The year-on-year increase in October 2011 was recorded at 2.6 percent in the region.
On the other hand, in October new industrial orders in the EU-27, excluding ships, railway and aerospace equipment for which changes tend to be more volatile, decreased by 0.9 percent month on month and rose by 2.4 percent year on year.
In the EU-27 in the given month, new orders rose by 1.4 percent for capital goods and by 0.6 percent for intermediate goods, while new orders fell by 0.4 percent for durable consumer goods, all compared to September.
On month-on-month basis, among the member states for which data are available, total new industrial orders fell in 21 member states and rose in five others. The largest decreases were registered in Denmark with 18.5 percent, in Latvia with 13.3 percent and in Lithuania with 12.7 percent, while the highest increases were seen in Germany with 5.5 percent, in the UK with 2.9 percent and in Estonia with 2.4 percent.