European industrial new orders fall

Industrial new orders were down by 3.4% in the eurozone and by 2.2% in the European Union (EU) in January, according to an estimate released by Eurostat, the Statistical Office of the European Communities.

New orders for capital goods fell by 4.4% in the eurozone and by 2.1% in the European Union (EU). Non-durable consumer goods dropped by 2.3% and 1.1%, while durable consumer goods decreased by 1.1% and 0.6%.

Among those member states for which data are available, the largest decreases in industrial new orders were recorded in Romania (14.8%), Lithuania (12.7%) and Germany (7.6%), Eurostat says.

It continues that the highest increases were recorded in Ireland (16.6%), Hungary (6.5%) and Denmark (6.2%).

Between January and December last year, the index decreased by 8% in the eurozone and by 2.2% in the EU.

On a year-to-year basis, industrial orders decreased by 34.1% in the eurozone and by 30.7% in the EU.

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