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The new orders in manufacturing increased in nominal terms by  18.9% in March 2017 compared to March 2016

  • In March  2017,  the new  orders  in  manufacturing  overall  (domestic market  and  non?domestic market),  in  nominal  terms,  increased  by 16.9%  compared  to  the  previous month and  were  up 18.9% from the same month of the previous year.

  • In  the 1.I?31.III.2017 period,  the new orders in manufacturing  rose in nominal  terms by 12.7% compared to the 1.I?31.III.2016 period.

 

New orders from the manufacturing industry increased by 12.7 pct in the first quarter of this year as compared to the same period of the previous year, according to a press release of the National Institute of Statistics (INS) sent on Thursday.

The appreciation is due to increases in the durable goods industry (+ 20.4 pct), the intermediate goods industry (+ 18 pct), the capital goods industry (+ 10.9%) and the consumer goods industry (+3.8 pct). 

"In March 2017, as against the previous month, orders rose by 16.9 pct as a result of increases in the capital goods industry (+ 18.0 pct), the intermediate goods industry (+ 17.0 pct), the durable goods industry (+ 16.5 pct) and the current use goods industry (+ 10.3%)," reads the document. 

According to the INS, in March 2017 as compared to March 2016, the increase was 18.9 pct.

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