Industrial new orders were up in October 2011 compared with September
According to Eurostat, industrial new orders were higher in October 2011 compared with September 2011. In particular, the increase was by 1.8% in euro area and by 0.5% in EU27. On the other hand, in November compared with October 2011, the industrial producer price up by 0.2% in euro area and by 0,3% in EU27.
Eurostat, the statistical office of the European Union published its latest data on industrial new orders and industrial producer prices. With regard to the industrial new orders, in October 2011 compared with September 2011, the euro area industrial new orders index rose by 1.8%, after a fall of 7.8% in September. In the EU27 new orders increased by 0.5% in October 2011, after a fall of 2.1% in September. In October 2011 compared with October 2010, industrial new orders increased by 1.6% in the euro area and by 2.6% in the EU.
Total manufacturing working on orders rose in five and fell in twenty-one among the Member States for which data are available. The highest increases were registered in Germany (+5.5%), the United Kingdom (+2.9%) and Estonia (+2.4%), and the largest decreases in Denmark (-18.5%), Latvia (-13.3%) and Lithuania (-12.7%).
Regarding the industrial producer prices, in November 2011 compared with the previous month, prices in total industry excluding the energy sector decreased by 0.1% in the euro area and remained stable in the EU27. In November 2011 compared with November 2010, prices in total industry excluding the energy sector increased by 3.0% in the euro area and by 3.3% in the EU27. Prices in the energy sector gained 12.3% and 13.8% respectively. Among the Member States for which data are available, the highest increases in the total index were recorded in Sweden (+1.6%), Ireland, Greece and the United Kingdom (all +0.7%). Decreases were observed in Denmark and Latvia (both -0.4%), Belgium and Slovenia (both -0.2%) and Cyprus (-0.1%).