In May 2008 compared with April 2008, new orders for chemicals & chemical products fell by 0.5% in both the euro area and the EU27.
In May 2008 compared with April 2008, new orders for chemicals & chemical products fell by 0.5% in both the euro area and the EU27. Manufacturing of basic metals & fabricated metal products decreased by 2.4% and 1.9% respectively. Electrical & electronic equipment dropped by 3.0% in the euro area and by 4.5% in the EU27. Manufacturing of machinery & equipment declined by 4.1% and 7.7% respectively. Textiles & textile products fell by 4.2% in the euro area and by 1.7% in the EU27. Transport equipment decreased by 7.0% and 8.5% respectively.
In May 2008, among the Member States for which data are available, total manufacturing working on orders rose in five, fell in thirteen and remained stable in Portugal. The highest increases were recorded in Denmark (+14.8%) and Ireland (+9.7%), and the largest decreases in Latvia (-14.2%), Hungary (-7.5%), Slovakia (-6.6%) and Italy (-6.4%).
Annual changes
In May 2008 compared with May 2007, new orders for basic metals & fabricated metal products increased by 0.9% in the euro area and by 1.6% in the EU27. Chemicals & chemical products fell by 0.9% in the euro area, but grew by 2.3% in the EU27. Manufacturing of electrical & electronic equipment dropped by 2.8% and 2.5% respectively. Machinery & equipment decreased by 6.3% in the euro area and by 3.9% in the EU27. Manufacturing of textiles & textile products declined by 8.6% and 6.4% respectively. Transport equipment fell by 10.1% in the euro area and by 7.2% in the EU27.
In May 2008, among the Member States for which data are available, total manufacturing working on orders rose in nine and fell in ten. The highest increases were registered in Denmark (+24.6%), Romania (+20.2%) and Lithuania (+17.8%), the most significant falls in Hungary (-11.4%), France (-8.9%) and the Netherlands (-7.5%).
1.
The euro area (EA15) consists of Belgium, Germany, Ireland, Greece, Spain, France, Italy, Cyprus, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia and Finland.
The EU27 includes Belgium (BE), Bulgaria (BG), the Czech Republic (CZ), Denmark (DK), Germany (DE), Estonia (EE), Ireland (IE), Greece (EL), Spain (ES), France (FR), Italy (IT), Cyprus (CY), Latvia (LV), Lithuania (LT), Luxembourg (LU), Hungary (HU), Malta (MT), the Netherlands (NL), Austria (AT), Poland (PL), Portugal (PT), Romania (RO), Slovenia (SI), Slovakia (SK), Finland (FI), Sweden (SE) and the United Kingdom (UK).
2.
The new orders index measures the value of future deliveries of products and services (which are directly linked to these products) to be provided by a producer to a third party on the domestic and non-domestic market. The total manufacturing aggregate includes only those NACE levels required by the STS Regulation to be supplied by the Member States (NACE 17, 18, 21, 24, 27-35) and is referred to as “total manufacturing working on orders”. The euro area and EU aggregates normally do not include Member States for which no data is available. For methodology see News Release 135/2003 of 26 November 2003.
The seasonally adjusted euro area and EU series are calculated by aggregating the unadjusted series from individual Member States and performing an adjustment for seasonal effects on these series. Therefore the seasonally adjusted figures for the European aggregates are based directly on the unadjusted series coming from the Member States and not on an aggregation of the seasonally adjusted indices from the Member States. The euro area and EU seasonally adjusted growth rates might differ from the weighted growth rates of the individual Member States. This procedure also implies that the aggregation of the overall figures is not based on the published details.
3.
Data of previous months have been revised compared to those issued in the News Release 91/2008 of 25 June 2008. The figures for April 2008 were +2.5% in the euro area and +3.6% in the EU27 for the monthly changes, and +11.7% in the euro area and +14.2% in the EU27 for the annual changes.
4.
Transport equipment includes NACE 34 (motor vehicles) and NACE 35 (other transport equipment, which includes ships, railway and aerospace equipment). New orders for NACE 35 tend to be very volatile with a limited immediate impact on production. The new aggregate “Manufacturing working on orders excluding NACE 35” is less erratic. The share of NACE 35 in total manufacturing working on orders is 3.9% for the euro area and 4.3% for the EU.
5.
When shown as confidential in the table, data for Cyprus, Malta, Finland and the United Kingdom are included in the European aggregates. They are not published at the national level and are therefore still confidential.
6.
Data for Ireland are working day adjusted figures.