The manufacturing industry grew by 15.8 percent in 2018

New orders from the manufacturing industry rose, in nominal terms, by 15.8 percent in 2018 compared to the previous year, according to data from the National Institute of Statistics (INS). According to statistics, between January 1 and December 31, 2018, the capital goods industry recorded a leap of 18.9 percent, followed by the intermediate goods industry (+13.5 percent), the durable consumer goods industry (+8.7 percent) and the current use goods industry (+5 percent).

In December 2018, compared to December 2017, new orders from manufacturing increased by 4.7 percent due to the capital goods (+7 percent) and intermediate goods industry (+2.8 percent). On the other hand, decreases were registered in the durable goods industry (-2.8 percent) and in the consumer goods industry (-1.8 percent).

INS data also reveal that in the last month of last year, new orders from the manufacturing industry decreased by 18.9 percent compared to the previous month, November 2018, as a result of the activity in the durable consumer goods industry (-33.7 percent), industry consumer goods (-22.7 percent), capital goods (-19.7 percent) and intermediate goods industry (-14.7 percent).