The Central Statistical Office on Monday released more not-so-optimistic statistics on the industry, which is the backbone of every major economy. It turns out that New orders in the industry fell by almost 10 times more than production. They’re down exactly 19.2%. every year. On a monthly basis, the decrease is close to 1%.
More detailed data from the Central Statistical Office shows this Export and export orders fell by 15.9% in August. On an annual basis It decreased by 1.7%. monthly basis.
“New orders were lower than a year ago in most departments surveyed, with the exception of automobile production Cars, trailers and semi-trailers (increased by approximately 11%). The value of new orders received for the production of clothing and other transportation equipment was more than half lower than a year ago” – we read in the report of the Central Bureau of Statistics.
New orders also decreased significantly, including: in the production of computers, electronic and optical products, metals, pharmaceutical products and electrical appliances. (Decreases range from 23 to 38 percent).
The Central Bureau of Statistics specifies that the indicator that determines new orders in industry evaluates future production and shows the development of demand for industrial products and services. Orders are defined in industry as the value of contracts (excluding VAT) that bind a manufacturer and a third party for the supply of products and services.
Along with demand data, we learn statistics Work efficiency in industry. This is measured by the production sold per employee. It fell by 1.2% from January to August. Compared to the same period of the previous year.
During this period, employment in industrial firms decreased by 0.7 percent, and the average monthly gross salary increased by 11.8 percent.
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