New orders for textiles & chemicals industry drop in October

December 23, 2008 - Europe

In October 2008 compared with September 2008, the euro area (EA15) industrial new orders index fell by 4.7%. In September the index decreased by 5.4%. In the EU27 new orders declined by 6.3% in October 2008, after dropping by 5.2% in September. Excluding ships, railway & aerospace equipment4, for which changes tend to be more volatile, industrial new orders fell by 3.8% in the euro area and by 6.3% in the EU27.

In October 2008 compared with October 2007, industrial new orders decreased by 15.1% in the euro area and by 17.9% in the EU27.

These estimates are released by Eurostat, the Statistical Office of the European Communities.

In October 2008 compared with September 2008, new orders for chemicals & chemical products fell by 0.7% in the euro area and by 2.8% in the EU27.

Textiles & textile products fell by 3.2% in the euro area and by 2.4% in the EU27.

Machinery & equipment dropped by 6.5% in the euro area and by 12.6% in the EU27. Transport equipment decreased by 9.4% and 10.2% respectively.

In October 2008, among the Member States for which data are available, total manufacturing working on orders fell in eighteen, and rose only in Ireland (+10.0%) and Denmark (+2.7%). The largest decreases were recorded in Latvia (-20.2%), France (-11.3%), the Czech Republic (-10.7%) and Bulgaria (-10.1%).

In October 2008 compared with October 2007, new orders for chemicals & chemical products grew by 0.6% in the euro area, but fell by 0.5% in the EU27. Manufacturing of textiles & textile products fell by 14.9% and 14.0% respectively. Machinery & equipment declined by 16.6% in the euro area and by 16.5% in the EU27. Transport equipment dropped by 33.3% and 37.8% respectively.