According to the Industrial Barometer conducted by IRSOP Market Research and the Faculty of Management within the National School of Political and Administrative Studies (SNSPA), industrial sector saw a sharp decline in December, after slowdown signs in September, October and November.
The analysis is based on 11 key indicators, including total production, volume of new orders, inventory volume, number of employees, production costs, capital expenditure and exports.
Production volume indicators fell to 42 points in December, from 55 points in November.
“The fall was dramatic as it included 90% of the indicators measured by the Barometer. Thus, new orders indicator fell from 53 in November to 44 in December, stocks decreased from 45 to 43 points (…), the number of employees indicator fell from 51 points to 45, while export orders dropped from 58 in November to 48 in December,” Industrial Barometer data show.
According to specialists, the fall in the industrial sector was triggered by a decrease in the market demand.