According to a statement released on October 24 by Eurostat, the Statistical Office of the European Communities, the new industrial orders index in the European Union member states (EU-27) rose by 0.4 percent month on month in August, after a revised month-on-month decrease of 0.6 percent recorded in July. The year-on-year increase in August was recorded at 6.5 percent in the region.
On the other hand, in August new industrial orders in the EU-27, excluding ships, railway and aerospace equipment for which changes tend to be more volatile, increased by 0.5 percent month on month and rose by 5.2 percent year on year.
In the EU-27 in the given month, new orders rose by 1.1 percent for capital goods and also by 1.1 percent for intermediate goods, while new orders fell by 1.8 percent for durable consumer goods, all compared to July.
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 Denmark with eight percent, in the Netherlands with 5.3 percent and in Ireland with four percent, while the highest increases were seen in Slovakia with 12.6 percent, in Estonia with 11.2 percent and in Hungary and Latvia both with 6.8 percent.