Orders in industry dropped at the beginning of the year

The value of new orders in industry in January 2024 decreased by 5.8% year-on-year and reached a volume of EUR 4.96 billion. After seasonal adjustment, new orders decreased by 11% month-on-month¹⁾.

The Statistical Office of the SR would like to inform that since the publication of the data for January 2024, all absolute values and values of year-on-year and month-on-month indices for monitored period have been re-calculated due to methodological adjustments – transition to a new base period (from 2015 to 2021) and application of the concept of kind-of-activity units of enterprises²⁾ (PDF - 153 kB). The change relates to all monthly indicators of sectoral statistics.

The volume of new orders in industry in the first month of 2024 dropped in 10 of the 12 monitored industrial sectors.

Orders decreased year-on-year mainly in manufacture of apparel, manufacture of basic metal and fabricated metal products except machinery and equipment, and in manufacture of motor vehicles, semi-trailers and trailers. Orders increased year-on-year only in manufacture of paper and paper products and in manufacture and processing of metals.