Eurozone industrial new orders rise by 5.3 percent in August

Industrial new orders in the euro zone rose by 5.3 percent in August, compared with the previous month, the European Union (EU)'s statistics bureau Eurostat said on Monday.

The index increased after a monthly fall of 1.8 percent in July, according to revised figures.

In the 27-member EU, new orders grew by 3.6 percent month on month in August after a decline of 1.6 percent in July, Eurostat said.

Among the various industries, new orders for capital goods rose by 8.1 percent in the euro zone and by 6.0 percent in the EU. Durable consumer goods increased by 5.4 percent and 2.1 percent respectively. Intermediate goods rose by 3.4 percent in the euro zone and by 2.5 percent in the EU. Non-durable consumer goods gained 0.7 percent and 0.4 percent respectively.

Among the EU member states for which data were available, total manufacturing working on orders rose in eleven and fell in eleven on monthly basis. The highest increase was recorded in Denmark, up by 21 percent, and the largest decrease in Hungary, down by 8.6 percent.

Compared with August 2009, industrial new orders increased by 24.4 percent in the euro zone and by 22.6 percent in the EU.
(Source:xinhua)