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Main Indicator: Industrial New Orders m/m
Most Recent Release
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Actual | Forecast | Previous | Revised Form | |
| 1.0% | -0.7% | -0.5% | -0.3% | ||
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For July - (s.a.)
Orders y/y: 1.6%, forecast -3.9%, pr. -7.4% (Jun), -4.4% (May), 12.3 (Apr),
The Euro-zone industrial new orders rebounded by 1% in July compared with the previous month, where orders were down 0.5%. On the year orders were up 1.6%. Both figures were above expectations surprised forecasts that called for another month of declines. However, excluding ships, railway and aerospace equipments, orders fell 1.4%. That put orders for transportation at a very high growth level of 10%. The index in Germany fell for the eight consecutive month. This data stands in contract to the weaker Manufacturing PMI data that came out for September, as this indicator works with a longer time lag. Still as the first month in the 3rd quarter this data will help favor GDP growth, though if the positive result is reversed in coming months is yet to be seen. |
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Table of Past Data
| 12/21 | 1/23 | 2/22 | 3/26 | 4/23 | 5/22 | 6/25 | 7/23 | 8/22 | 9/23 | ||
| Actual | 2.5% | 2.7% | -3.6% | 2.0% | 0.6% | -1.0% | 2.5% | -3.5% | -0.3% | 1.0% | |
| Forecast | 2.0% | 1.2% | -1.1% | 0.4% | -0.4% | -0.4% | -0.5% | -1.3% | -1.1% | -0.7% | |
| Previous | -1.0% | 2.5% | 2.0% | -3.6% | 2.2% | 0.2% | -1.2% | 2.0% | -5.4% | -0.5% | |
| Revised From | -1.6% | N/A | 2.7% | N/A | 2.0% | 0.6% | -1.0% | 2.5% | -3.5% | -0.3% | |
Past Releases
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Actual | Forecast | Previous | Revised Form | |
| -0.3% | -1.1% | -5.4% | -3.5% | ||
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For June - (s.a.)
Industrial New Orders y/y: -7.4%, forecast -6.1%, pr -4.4% (May), 12.3 (Apr), -3.7% (Mar) The industrial new orders index fell, though less than feared in June. May's figures were revised to -5.4%. New orders for textiles grew 2.2%; electronics and electronic equipment increased 1.4%; chemicle and chemicle products manufacturing rose by 1.0%; Machinery and equipment fell 1.1%; Transport equipment decreased by 3.7%. The Eurozone economy has seen new orders slide with increasing speed. The annual rate shows that businesses have been weakening their outlook for demand and thus cutting investments in such thins as machinery and equipment which fell 2.8%. Textile for example shrank 9.6% and transport equipments fell by 29.8%. General business investment has deteriorated, and will pull down GDP. UK investments declined and had this effect on the GDP, and the eurozone situation is very similar. |
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Actual | Forecast | Previous | Revised Form | |
| -3.5% | -1.3% | 2.0% | 2.5% | ||
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For May - (s.a.)
Industrial New Orders y/y: -4.4%, forecast 3.2%, pr 12.3% (Apr), -3.7% (Mar) Euro-zone industrial orders disappointed forecasts for the May period, falling 3.5%. The consensus forecast was for a drop of 1.3%. The figure reverses all of April's 2% gain. European exports are facing weaker demand from the US and the UK, and European companies face higher operating costs and consumers faced with rising inflation. GDP growth is expected to be weaker in 2nd quarter as manufacturing activity contracts in the face of higher costs, mainly oil and energy, and weakening foreign demand.
EUR/USD - Greenback Gains for Second Day: The Euro was lower against the Dollar overnight, falling to test the area near 1.5720 following the release. After the NY open the the Euro fell further to breach 1.57. European stocks gained overnight and the EUR/JPY pair tested 169.70 overnight, but gave up its gains in NY morning trading.
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Actual | Forecast | Previous | Revised Form | |
| 2.5% | -0.5% | -1.2% | -1.0% | ||
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For April - (s.a.)
Industrial New Orders y/y: 11.7%,
forecast 2.7%, pr -3.7%
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Actual | Forecast | Previous | Revised Form | |
| -1.0% | -0.4% | 0.2% | 0.6% | ||
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For March - (s.a.)
New Orders y/y: -2.5%, forecast 4.8%, pr. 9.9% (Feb), 7.3% (Jan) Euro-zone industrial new orders slid in March, with the monthly growth rate showing a 1% fall. Its the first fall after 3 months of gains. The fall was more than double what economists had predicted. The annual rate fell to -2.5%. Orders are being squeezed by a high Euro, higher oil prices and a slowing US economy. Evidence is mounting that the 2nd quarter will be much weaker than the 1st, which surprised forecasts with GDP growth of 0.7%. Germany seems to be holding up while other economies in the Euro-zone like Spain and Italy are struggling. Weaker demand from the US, a key market for exports, will only add pressure as a slowdown in domestic spending also curtais orders for industrial orders. The Euro, which has been surging the last 2 sessions against the Dollar, reached a high at 1.5813 prior to the release and fell afterward. |
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Actual | Forecast | Previous | Revised Form | |
| 0.6% | -0.4% | 2.2% | 2.0% | ||
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For February - (s.a.)
New Orders y/y: 9.9%, forecast 5.7%, pr. 7.3% (Jan), 2.1% (Dec) Industrial new orders recorded a positive 0.6% change in February on the month, and a 9.9% increase compared to February of last year. Both numbers beat expectations, but the better news came as the Euro was paring its gains from yesterday's session and it didn't have much impact. Also, the figures are somewhat dated as it takes into account February's data. In annual terms, new orders for transport equipment increased 16.6%, while manufacturing of electrical and electronic equipment grew by 10.6%.
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Actual | Forecast | Previous | Revised Form | |
| 2.0% | 0.4% | -3.6% | N/A | ||
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For January - (s.a.)
New Orders y/y: 7.3%, forecast 3.3%, pr. 2.1% (Dec), 11.9% (Nov) Though October (2.5%) and November (2.7) showed positive growth in industrial new orders, in December orders slipped by 3.6%. Forecasts for January's seasonally adjusted monthly rate are for a small positive change. The annual rate of orders slid from 11.9% in November to 2.1% in December. January's numbers proved better than anticipated, with a 2.0% increase on the month, and a 7.3% increase on the year. Both numbers beat expectations, and the figure came after an earlier release had already boosted the Euro against the Dollar. |
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Actual | Forecast | Previous | Revised Form | |
| -3.6% | -1.1% | 2.0% | 2.7% | ||
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For December - (s.a.)
New Orders y/y: 2.1%, forecast 8.3%, pr. 11.9%
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Actual | Forecast | Previous | Revised Form | |
| 2.7% | 1.2% | 2.5% | N/A | ||
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For November - Seasonally Adjusted News Release from EuroStat (.pdf) New Orders y/y: 11.9%, forecast 9.0%, pr. 10.9%. New orders for industrial goods in November beat forecasts of a fall and gained compared to October. For the month orders increased 2.7%, and they were up 1.9% compared to Nov '06. For the month, positive contributors were new orders for transport equipment (+7.3%), metals (+5.8%) and metal products (+3.0%), and chemicals and chemical products (+2.7%). |
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Actual | Forecast | Previous | Revised Form | |
| 2.5% | 2.0% | -1.0% | -1.6% | ||
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Seasonally Adjusted for October. Industrial New Orders y/y: 10.9%, forecast 6.5%, pr. 2.4% |
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