27 April (BNS)

Estonia registered in February the biggest annual increase in industrial new orders among the Baltic states with growth hitting 60.1%, it appears from statistics released by Eurostat on Wednesday. In Latvia industrial orders increased by 56.1% and in Lithuania by 35.9%.

Compared to January, new orders decreased by 1.4% in Estonia, by 0.7% in Latvia and by 2.7% in Lithuania.

In the euro area new orders rose by 21.3% and across the European Union by 19.8% on annual comparison. Month on month, growth of 0.9% was registered in the euro area and of 1.2% in the EU27.

The highest annual increases were recorded in Estonia, Denmark and Latvia and the lowest in the United Kingdom, Spain and the Czech Republic.

The monthly increase was the biggest in Denmark, Hungary and Portugal, while Romania, Lithuania and the Czech Republic showed the largest decreases.