According to a statement released on JUly 22 by Eurostat, the Statistical Office of the European Communities, the new industrial orders index in the European Union member states (EU-27) rose by 2.5 percent month on month in May, after a revised month-on-month increase of 0.3 percent recorded in January. The year-on-year increase in May was recorded at 14.3 percent in the region.
On the other hand, in May new industrial orders in the EU-27, excluding ships, railway and aerospace equipment for which changes tend to be more volatile, increased by 2.5 percent month on month and rose by 13.2 percent year on year.
In the EU-27 in the given month, new orders rose by 1.8 percent for capital goods, rose by 0.1 percent for durable consumer goods and rose by 2.5 percent for intermediate goods, all compared to April.
On month-on-month basis, among the member states for which data are available, total new industrial orders fell in seven member states and rose in 15 others. The largest decreases were registered in Latvia with 10.7 percent and in Finland with 8.8 percent, while the highest increases were seen in Estonia with 14.2 percent, in Bulgaria with 14.1 percent, in Hungary with 9.4 percent and in Sweden with five percent.