LUXEMBOURG (Dow Jones) – New orders in industry in the euro area has developed more than expected in March. As the statistical agency Eurostat announced on Tuesday, were received in total manufacturing working on orders more than 5.2% the previous month. (Reuters photo:)
This is the strongest monthly growth was recorded in June 2007. Economists had expected only a 2.5% increase. At the same time Eurostat revised the order receipt for February to plus 1.9% up after it was provisionally reported a rise of 1.5%.
Compared to the same month last year, new orders rose in the euro area during the month by 19.8% after a revised up 12.5% (provisional: the plus 12.2%) in February. Economists had forecast a rise of only 15.0%.
In the month of March compared to capital goods orders fell in the euro zone by 5.7% in the EU to 27 by 5.9%. Intermediate goods showed an increase of 5.4% and 6.1%. Consumer goods increased in the euro zone by 4.2% in the EU27 by 4.5%. Durable goods increased by 2.4% and 1.2%.
Within a year in March, orders fell for intermediate goods in the euro area and by 31.0% in the EU-27 to 29.9%. Capital goods showed an increase of 15.6% and 18.0%. Durable consumer goods rose in the euro area and by 11.2% in the EU at 27 by 17.5%. Durable consumer goods increased by 6.5% and 4.5%.
DJG / apo / sgs / dok