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Europe witnesses pick-up in industrial new orders

26 October 2011
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Europe witnesses pick-up in industrial new ordersThe volume of industrial new orders in the European Union (EU) improved over August 2011 compared with the previous month, new figures show.

According to the data from the region's statistical agency Eurostat, the month witnessed a 0.4 per cent increase in purchasing across the 27 member states, offsetting a decline of 0.6 per cent in July.

Manufacturers that may have to adjust their operations management systems in light of rising orders include those making capital goods, as new orders for these climbed by 1.1 per cent over the period in question.

Year-on-year industrial new orders expanded by 6.5 per cent across the EU, with capital goods rising by 8.2 per cent in August 2011 over 2010 and intermediate goods up by 6.9 per cent.

In the UK, manufacturing management professionals learned earlier this month that September saw a rise in the Purchasing Managers' Index produced by CIPS and Markit, as the measure returned to growth following a fall in August.ADNFCR-3058-ID-800776559-ADNFCR
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