EU Industrial new orders

In April 2008 compared with March 2008, the euro area industrial new orders rose by 2.5%. In March the index fell by 1.2%. Excluding ships, railway & aerospace equipment industrial new orders increased by 2.2% in the euro area. In April 2008 compared with April 2007, industrial new orders increased by 11.7% in the euro area. Total industry excluding ships, railway & aerospace equipment grew by 11.8%. In April 2008 compared with March 2008, new orders for textiles & textile products increased by 5.6. Basic metals & fabricated metal products rose by 3.2%. Manufacturing of machinery & equipment gained 2.6% in the euro area. Electrical & electronic equipment rose by 2.2%. Transport equipment increased by 0.3% in the euro area. Manufacturing of chemicals & chemical products decreased by 0.2%. The news failed to move the euro. ECB President Trichet spoke this morning and said that inflation pressures have intensified and the bank is on alert, confirming perceptions that the ECB will raise interest rates next month.

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