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European industry continues to grow order books

25 August 2010
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European industry continues to grow order booksCompanies operating in the European industrial sector have witnessed a further monthly increase in order books.

This is according to Eurostat, which revealed that new purchases expanded by 2.4 per cent month-on-month in June, something that may increase operations management activity.

Coming in the wake of an increase of four per cent in May 2010, the figures indicate the sector is rallying in the wake of the global downturn.

According to the European Union (EU) statistics agency, the eurozone nations saw order books expand by 2.5 per cent during the month.

In sectors including those that are perceived to be more volatile, such as rail, ships and aerospace, new orders rose by 1.8 per cent across the EU as a whole and by 1.6 per cent in the euro area.

Over the year to June 2010, books stand 22.5 per cent above the levels recorded for the same month of 2009.

Meanwhile, rising demand for vehicles has led truck giant Scania to announce plans to expand its European workforce by 500 employees.ADNFCR-3058-ID-800040305-ADNFCR
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