Euro zone industrial April orders up 0.9 percent

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By Besta Shankar | June 25, 2010 1:27 AM EST

Euro zone's industrial new orders index increased by 0.9 percent in April, compared with a 5.1 percent increase in March, a report by Eurostat released on Thursday said.

In EU27, the index decreased by 0.2 percent in April compared with 7.1 percent rise in March.

“Excluding ships, railway and aerospace equipment, for which changes tend to be more volatile, industrial new orders grew by 1.1% in the euro area and by 0.9% in the EU27,” the report said.

Compared on yearly basis, the industrial new orders were up by 22.1 percent in the euro area and 21.8 percent in the EU27.

In April, new orders for intermediate goods increased by 1.7 percent and 2.1 percent in the euro area and EU27 respectively. Orders for capital goods showed a decline of 0.8 percent and 2.1 percent respectively.

Durable goods orders were down by 0.9 percent in euro area and 0.6 percent up in EU27.

Non-durable goods orders declined by 2.1 percent in April in both the regions.

On an annual basis, new orders for intermediate goods saw the highest increase in both the regions while non-durable goods recorded the lowest.

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