Eurozone’s new industrial orders up

Published February 23, 2007

BRUSSELS, Feb 22: Eurozone factories saw demand rise in December as new industrial orders rose to the highest level in 10 years, figures by the Eurostat data agency showed on Thursday.

New orders in the 12 nations sharing the euro in December -- Slovenia adopted the currency in January -- grew 2.8 per cent over one month and 1.6 per cent over one year. A Eurostat official said the December increase brought the index to the highest level since 1996.

The result also beat private economists' forecasts for an increase of only 0.3 per cent over one month and 0.5 per cent over one year, as polled by financial news agency AFX News.

The previous month new orders grew 1.1 per cent over one month and 6.0 per cent over one year, Eurostat said, trimming first estimates slightly.

The December increase was drived by strong orders for transport equipment, followed by basic metals and fabricated metal products, textile products, and chemicals products. For the whole of 2006, average new industrial orders grew 9.1 per cent.—AFP

Opinion

Editorial

A difficult story
Updated 12 Jun, 2026

A difficult story

Unless productivity becomes the dominant target of economic policy, Pakistan will continue to oscillate between crises and fragile recovery.
Rough waters
12 Jun, 2026

Rough waters

AMONGST the key potential triggers for fresh conflict in South Asia is water. The Indian state is behaving in an...
Politicised football
12 Jun, 2026

Politicised football

ALMOST three-and-half years since Lionel Messi led Argentina to FIFA World Cup glory, the latest edition of...
GB polls’ aftermath
Updated 11 Jun, 2026

GB polls’ aftermath

The new administration must address the region’s issues proactively.
Peace in retreat
11 Jun, 2026

Peace in retreat

THE ceasefire announced in April was supposed to create space for negotiations. Instead, it has been repeatedly...
A few good men
11 Jun, 2026

A few good men

IT was a brave move, no doubt. This Tuesday, in the land of the Afghan Taliban, a few good men decided to take a...