Friday, June 26, 2009

Euro-Zone Orders

According to the EU statistical agency Eurostat new orders for manufacturers in 16 countries with the euro currency fell 35.5 percent in April from a year earlier. This decline is considered to be the toughest since previous year. The worst situation were orders for tools, parts and components sold on to other producers, down nearly 40 percent. Car and home appliance orders decreased by more than a 25 percent.
Orders in Germany economy dropped by 39.5 percent. Eurostat said euro-zone orders slipped 1 percent from level of March. The entire 27-nation EU orders in April fell 35 percent from the same month last year and 0.5 percent compared to March. In Europe, however, new industrial orders in the euro zone turned out to perform very poorly.

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