EU industrial structure - EU Bookshop - Europa

nacE
rev 2
growth
2009
Chapter I — The aftermath of the crisis — a long and uneven recovery(?)
growth
2010
2010/2009
last six
months
post trough
growth
spread last
six months
c12 Tobacco ‑2.8 ‑6.2 ‑3.4 ‑8.3 ‑7.5 ‑10.0
c13 Textiles ‑16.6 8.4 25.0 1.3 11.0 ‑1.3
c14 Clothing ‑10.8 0.6 11.3 ‑2.4 3.9 ‑3.2
c15 Leather and footwear ‑12.5 3.3 15.8 7.3 14.1 5.8
c16 Wood ‑13.7 3.8 17.5 1.7 5.0 ‑3.9
c17 Paper ‑8.9 6.1 15.0 0.8 8.5 ‑5.6
c18 Printing ‑7.2 1.6 8.9 1.4 3.8 ‑4.3
c19 Refined petroleum ‑7.8 0.1 7.9 1.5 6.3 ‑3.9
c20 Chemicals ‑10.4 10.1 20.5 3.4 19.9 ‑3.6
c21 Pharmaceuticals 3.3 5.8 2.5 3.6 14.2 ‑6.8
c22 Rubber & plastics ‑12.8 7.9 20.7 6.5 15.9 ‑0.2
c23 Non metallic mineral products ‑18.5 2.6 21.1 5.9 6.6 0.7
c24 Basic metals ‑25.6 19.6 45.1 8.5 46.2 2.7
c25 Metal products ‑21.8 7.4 29.1 9.1 16.0 3.0
c26 Computers, electronic & optical ‑15.2 11.3 26.5 9.4 23.7 0.7
c27 Electrical eq. ‑20.3 11.2 31.5 8.6 20.7 2.1
c28 Machinery n.e.c. ‑26.1 10.5 36.5 14.9 26.3 8.5
c29 Motor vehicles ‑21.9 21.8 43.7 16.6 62.1 8.4
c30 Other transport eq. ‑6.1 ‑2.7 3.4 2.6 5.8 ‑3.2
c31 Furniture ‑16.3 ‑0.9 15.4 2.6 2.8 ‑1.9
c32 Other manufacturing ‑5.9 7.9 13.7 2.9 9.6 ‑3.1
c33 Repair of machinery ‑8.7 3.4 12.1 3.0 8.7 ‑1.2
d Electricity & gas ‑4.9 4.2 9.1 ‑3.7 3.4 ‑10.2
F Construction ‑8.6 ‑3.9 4.7 ‑1.3 4.0 ‑7.1
F41 Buildings ‑10.8 ‑3.2 7.6 ‑1.7 3.5 ‑7.7
F42 Civil engineering 2.2 ‑7.0 ‑9.3 0.9 3.5 ‑4.0
Source: own calculations using Eurostat data.
The remainder of this section aims to assess future
developments for the manufacturing industries. The
analyses below are undertaken using information on new
orders and other leading indicators: order‑book levels,
stocks of finished products and production expectations.
The discussion will shed light on expectations for the near
future and on the extent to which the recovery will be felt
across the manufacturing industries in the months to come.
Monthly real21 growth rates, relative to the same month of
the previous year, of production and new orders for total
21 New orders have been deflated with the corresponding producer
price indices for the aggregates.
manufacturing are used in the first step of the assessment
of future developments. New orders recorded its lowest
level in February 2009. The decline, although modest
in the beginning, started in early 2007. The recovery of
new orders, during the recent recession, preceded the
recovery of production with one month. Production
growth hit bottom in March 2009. Positive growth rates
of new orders occurred again in November 2009, two
months before production growth rates became positive.
Twelve‑month growth rates of new orders and production
increased steadily until the second quarter of 2010. After
having levelled out during the last quarter of 2010 and the
first two months of 2011, growth rates are declining again,
cf. Figure I.12.
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