Industrial new orders up by 5.3% in euro area

The FINANCIAL — In August 2010 compared with July 2010, the euro area1 (EA16) industrial new orders index2 rose by 5.3%.

In July3 the index fell by 1.8%. In the EU271, new orders increased by 3.6% in August 2010, after a decline of 1.6% in July3. Excluding ships, railway & aerospace equipment4, for which changes tend to be more volatile, industrial new orders rose by 4.1% in the euro area and by 3.3% in the EU27.

In August 2010 compared with August 2009, industrial new orders grew by 24.4% in the euro area and by 22.6% in the EU27. Total industry excluding ships, railway & aerospace equipment4 rose by 23.5% and 23.0% respectively.