Romania, third in EU in terms of monthly advance in industrial new orders

No less than 16 European Union member states have reported rises in industrial new orders for June 2010 compared with the previous months, with Denmark, the Netherlands and Romania having recorded the highest growth rates, of 23 percent, 8.9 percent and 5.5 percent, respectively, according to data released on Tuesday by the Eurostat statistics office fo the EU.

In June 2010 compared with May 2010, the euro area – Belgium, Germany, Ireland, Greece, Spain, France, Italy, Cyprus, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland) industrial new orders index rose by 2.5 percent. In May the index increased by 4.1 percent.
In the EU27 – Belgium, Bulgaria, the Czech Republic, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland, Sweden and the United Kingdom -new orders increased by 2.4 percent in June 2010 after a rise of 4.0 percent in May. Only four member states recorded declines in industrial new orders.

Even in annual terms – June 2010 compared with June 2009 – Romania ranked among the best faring EU member states in terms of developments in the industrials new orders, with a 34.6-percent increase. Romania was outperformed only by Denmark (64.8 percent), Latvia (61.2 percent) and Estonia (34.6 percent). Ireland was the only EU member state to report a decline in annual terms in industrial new orders for June 2010.

In June 2010 compared with June 2009, industrial new orders increased by 22.6 percent in the euro area and by 22.5 percent in the EU27. Data with the National Statistics Institute of Romania (INS) indicate that industrial new orders in the first half of 2010 rose in Romania by 23.9 percent overall in annual terms as a result of a 31.7-percent increase in orders for intermediary goods, a 25.9-percent rise in orders for capital goods and an 18.1-percent rise in the orders for durables. In June 2010 compared with May 2010, industrial new orders in Romania were up 15.5 percent; compared with June 2009, they were up 34.6 percent.

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