GUS reports on an increase in wholesale and industrial orders
18:45
Wholesale sales of commercial enterprises in November 2021 increased by 27.5 percent y/y and by 2.3 percent m/m, the Central Statistical Office (GUS) reported. At the same time, wholesale sales of wholesale enterprises increased by 30.5 percent y/y and by 1.0 percent m/m.
In turn, new orders in the industry increased by 33.3 percent y/y. In monthly terms, it increased by 9.9 percent, the GUS announced.
Orders for exports and exports increased in November by 21.5 percent y/y and by 14.3 percent in monthly terms.
The Industrial New Orders indicator is used to assess future production and shows the development of demand for industrial products and services. Orders in the industry are defined as the value of contracts (excluding VAT) binding the manufacturer and a third party for the provision of goods and services.
