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Strong EU increase in manufacturing new orders reported

25 January 2011
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Strong EU increase in manufacturing new orders reportedThe level of industrial new orders in the European Union (EU) rose during November 2010 by 1.6 per cent, new data show.

Individuals involved in demand planning and manufacturing management may be interested in the latest report from Eurostat on production, which shows the sector is continuing to record growth.

According to the figures, industrial new orders excluding railway and aerospace equipment and ships expanded by 1.9 per cent during the month from October.

In addition, the statistical agency reports year-on-year growth of 19.4 per cent exclusive of the above fields, while total manufacturing working on orders rose most sharply in Hungary (17.1 per cent), Portugal (9.1 per cent) and Finland (7.3 per cent).

New orders for capital goods rose over the month in question by 2.8 per cent and intermediate goods climbed by 1.3 per cent, while declines were recorded in durable consumer goods and non-durable consumer goods over the period.

In the UK, the Confederation of British Industry has reported recovery of production in the country is "on track", with exports driving the market and confidence growing among companies.ADNFCR-3058-ID-800362469-ADNFCR
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