Industrial orders up by 53% last month

Industrial orders, according to the Central Office of Statistics (GUS) grew in December, by 53 percent, y/y. In monthly terms, orders increased by 25.3 percent in December, after falling 4.3 percent in November. Meanwhile, new industrial purchases for exports grew by 28.6 percent y/y in December, after a 17.6 percent increase in November. The index of new orders is concerned significant by economists because it is used to assess future production, as it indicates to what degree demand for products and services is developing.