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Economy in Brief

EMU Orders Continue Strong
by Robert Brusca July 24, 2007

Despite the rising Euro EMU orders continue strong, at least through May. The Euro has not risen by that much this year on a trade weighted basis but it is still extremely strong on a weighted basis in terms of its level compared to historic standards. So far adversity has been avoided and the manufacturing sector seem to continue to flourish.

EMU orders and trend remain strong. Sales growth seems to be a little less robust, however. Main country trends are still quite robust. EU member UK is seeing some weakening as its CBI report also echoed in a release today.

Euro Area and UK Industrial Orders & Sales Trends
SAAR except m/m % m/m May-07
3-Mo
May-07
6-mo
May-07
12-mo
May-06
12-mo
May-05
12-mo
Euro Area Detail May-07 Apr-07 Mar-07
MFG Orders 1.7% -0.6% 2.9% 16.7% 10.4% 8.4% 12.5% 0.8%
MFG Sales 0.4% 0.2% 0.4% 4.1% 5.9% 5.9% 7.9% 2.8%
  Consumer 0.2% 0.1% 0.1% 1.6% 2.5% 3.7% 7.9% 2.8%
  Capital 0.3% 0.3% 0.5% 4.9% 6.8% 7.5% 4.1% 1.6%
  Intermediate 0.5% 0.1% 0.1% 10.9% 11.0% 4.2% 7.1% 2.4%
MFG Orders
Total Orders 1.7% -0.6% 2.9% 16.7% 10.4% 8.4% 12.5% 0.8%
  E-13 Domestic MFG orders 0.9% -0.6% 2.4% 10.9% 11.0% 4.2% 11.4% -5.7%
  E-13 Foreign MFG orders 3.9% -1.7% 4.4% 28.8% 12.6% 13.8% 13.7% 4.2%
Countries: May-07 Apr-07 Mar-07 3-Mo 6-mo 12-mo 12-mo 12-mo
Germany 3.5% -1.5% 1.0% 12.2% 16.8% 12.5% 13.5% 1.9%
France 1.1% 2.4% 5.3% 41.2% 19.6% 13.3% 2.7% -9.1%
Italy 2.5% -0.8% 4.9% 29.9% 9.7% 7.0% 13.6% 3.6%
UK -3.5% -6.4% 5.1% -18.7% 1.6% -1.2% 2.0% 0.8%
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