Industrial production fell to historic lows and employment plummeted 21% in January

Industrial production fell to historic lows and employment plummeted 21% in January

The production indicator is below 50% since July 2022, according to the report from the UIA Study Center.

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The Industrial production recorded a record drop and the employment plummeted 21% in January, according to the latest report from the UIA Study Center.

In January, production stood at 29.9%, the lowest level in the series and suffered a drop of 6.9 percentage points (pp) compared to the same month last year.

He Industrial Performance Monitor (MDI index) once again marked contraction levels below 50% for the seventh consecutive survey. It has already accumulated almost two years at minimum levels.

In the first month of the year, recorded the lowest levels of the series in the production and sales variableswhich demonstrated a worsening of difficulties in the industrial production networkwith special impact on SMEs.

Likewise, the drop in production and sales resulted in more companies with difficulties in meeting payments.

News in development…

Source: Ambito

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