Analytics, EU – Baltic States, Industry

In June 2008 compared with June 2007, industrial new orders fell by 7.4% in the euro area and by 6.6% in the EU27. In June industrial new orders growth in Lithuania was one of the highest in the EU, writes ELTA.

In June 2008 compared with May 2008, new orders for textiles & textile products grew by 2.2% in the euro area and remained stable in the EU27. Electrical & electronic equipment increased by 1.4% in the euro area, but fell by 0.6% in the EU27. Manufacturing of chemicals & chemical products rose by 1.0% and 2.0% respectively. Basic metals & fabricated metal products increased by 0.8% in the euro area and by 1.6% in the EU27. Machinery & equipment fell by 1.1% in the euro area, but gained 2.2% in the EU27. Transport equipment decreased by 3.7% and 6.0% respectively.

In June 2008, among the Member States for which data are available, total manufacturing working on orders rose in nine and fell in nine. The highest increases were recorded in Latvia (+31.0%), Portugal (+8.0%) and Hungary (+6.1%), and the largest decreases in Denmark (-21.8%), Ireland (-9.7%) and Germany (-3.5%).

In June 2008 compared with June 2007, new orders for basic metals & fabricated metal products increased by 4.6% in the euro area and by 6.1% in the EU27.

Manufacturing of chemicals & chemical products rose by 3.8% and 3.2% respectively. Machinery & equipment decreased by 2.8% in the euro area and by 0.6% in the EU27. Manufacturing of electrical & electronic equipment dropped by 3.7% and 3.0% respectively. Textiles & textile products declined by 9.6% in the euro area and by 8.0% in the EU27. Transport equipment fell by 29.8% and 26.2% respectively.

In June 2008, among the Member States for which data are available, total manufacturing working on orders rose in eleven and fell in seven. The highest increases were registered in Romania (+27.8%), Latvia (+26.9%) and Lithuania (+22.9%), and the most significant falls in France (-16.9%), Spain (-6.5%), the Czech Republic and Germany (both –6.0%).