New industrial orders down by 30.2% y/y in April
21:32
New orders in industry in April 2020 fell by 30.2 percent y/y, after a decline of 6.4 percent y/y in March, the Central Statistical Office (GUS) announced. On a monthly basis, orders in April dropped by 25.3 percent, after deteriorating by 8.4 percent a month earlier.
The index of new orders in industry shows the development of demand for products and services. It is used to evaluate future production.
GUS informed as well that the new orders in industry for export decreased by 35.1 percent y/y in April 2020, after a decrease of 10.8 percent y/y in March.
