Data on industrial new orders for the euro area

Area of Science:

• Economics
• Econometrics
• Industrial Economics

Background:

• Euro area industrial new orders data is crucial for economic analysis.
• Previous research has focused on modeling these trends.
• Consistent and reliable time series data is essential for accurate economic forecasting.

Purpose of the Study:

• To provide a comprehensive time series dataset on euro area industrial new orders.
• To support research on economic modeling and analysis of industrial activity.
• To offer a standardized data resource with a fixed base year for comparability.

Main Methods:

• Data compilation from official national sources and European Central Bank (ECB) model estimates.
• Calculation of euro area aggregates using a weighting scheme based on industrial turnover statistics.
• Data presented in index format with a fixed base year (2010) for total new orders and breakdowns.

Main Results:

• A time series dataset of euro area industrial new orders is made available.
• The dataset covers total new orders and various sub-categories.
• Data incorporates both directly collected national statistics and ECB model-based estimates.

Conclusions:

• The provided dataset serves as a valuable resource for researchers and policymakers.
• It enables consistent analysis of industrial new orders across the euro area.
• The data facilitates further investigation into the drivers and implications of industrial new orders.