In October, orders in industry dynamically increased the growth rate
In October 2023, the value of new orders in industry increased by 13.5% year-on-year and reached a volume1) of EUR 6.03 billion. After seasonal adjustment, new orders increased by 3% month-on-month.2)
New orders in industry continued their year-on-year growth, and even significantly increased its pace in October. The volume increased in half of the 12 monitored sectors of industry.
Orders increased year-on-year the most in manufacture of motor vehicles, semi-trailers and trailers, manufacture of basic pharmaceutical products and pharmaceutical preparations, and in manufacture of basic metals. Orders decreased significantly year-on-year in manufacture of other transport equipment, manufacture of electrical equipment and manufacture of apparel.