Industrial processing up 15.4% in January 2023

New orders in Poland's industry rose by 15.4% year-on-year in January 2023, according to the Central Statistical Office. The value of export orders was up 33.8% y/y, although the rate of increase slowed from the previous year. 

The data showed a strong increase in orders over the year for pharmaceutical products, motor vehicles, trailers and semi-trailers, and clothing. Meanwhile, orders for computer, electronic and optical products, metals, and chemicals and chemical products all fell compared with the previous year. The indicator of new orders is used to assess future production and shows the development of demand for industrial goods and services.

Source: ISBnews