Euro area industrial new orders jump in April 2008

Industrial new orders reversed in April 2008 alleviating concerns of a severe slowdown in the EA economy. While some indicators (PMI composite and business sentiment) point to slower growth ahead the overall picture of sound economic growth in the euro area remains intact.

From the press release:
In April 2008 compared with March 2008, the euro area (EA15) industrial new orders index2 rose by 2.5%. In March3 the index fell by 1.2%. In the EU27 new orders grew by 3.6% in April 2008 after declining by 1.0% in March3. Excluding ships, railway & aerospace equipment4 industrial new orders increased by 2.2% in the euro area and by 1.6% in the EU27.

In April 2008 compared with April 2007, industrial new orders increased by 11.7% in the euro area and by 14.2% in the EU27. Total industry excluding ships, railway & aerospace equipment grew by 11.8% in the euro area and by 12.4% in the EU27.

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source: April 2008 compared with March 2008
Industrial new orders up by 2.5% in euro area
Up by 3.6% in EU27
Eurostat
http://epp.eurostat.ec.europa.eu/pls/portal/docs/PAGE/PGP_PRD_CAT_PREREL/PGE_CAT_PREREL_YEAR_2008/PGE_CAT_PREREL_YEAR_2008_MONTH_06/4-25062008-EN-AP.PDF