GUS: Industrial orders slowed in November, wholesale trade grew

GUS reported on Friday that industrial orders in Poland had risen by 17.3 percent y/y, in November (after an increase of 25.8 percent in the previous month). In monthly terms, though, orders declined, by 4.3 percent (y/y), compared with a fall of 4.2 percent in October. Industrial new orders for export, meanwhile, in November increased by 17.6 percent y/y, after a 31.4 percent increase in October. The index of new orders across industries shows the development of demand for products and services. It is used to assess future production. New orders for export on a monthly basis fell by 6.7 percent. Meanwhile, wholesale trade in November increased by 13.1 percent, y/y, and  grew by 3.7 percent m/m. The number of wholesale enterprises in November increased by 11.4 percent y/y, and grew by 3.7 percent m/m.