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Eurozone industrial new orders down by 1.0% in April
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21:03, June 25, 2009

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The eurozone industrial new orders dropped by 1.0 percent in April, compared with the previous month, and by 35.5 percent against a year ago, the European Union (EU)'s statistics bureau Eurostat said on Thursday.

Excluding ships, railway and aerospace equipment, for which changes tend to be more volatile, industrial new orders fell by 0.9 percent over the previous month in the eurozone in April and by 35.3 percent over a year ago.

In April, new orders for capital goods declined by 2.4 percent from the previous month in the eurozone, while durable consumer goods dropped by 0.9 percent and intermediate goods decreased by 0.7 percent. Only new orders for non-durable consumer goods grew by 1.8 percent.

In the 27-nation EU, industrial new orders dropped by 0.5 percent month on month in April and by 35 percent compared with the same period of 2008.

Among the EU member states for which data were available, total manufacturing working on orders rose in six, fell in twelve and remained stable in Britain on a monthly basis. The highest increase was registered in Latvia, which was 11.3 percent, while the largest decrease was observed in Portugal, down by 22.9 percent.

Source: Xinhua



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