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Industry Turnover Index decelerated to 11.4%
Business turnover, employment, wage and hours worked indices in industry
Industry Turnover Index decelerated to 11.4% - December 2022
09 February 2023

Summary

In year-on-year and nominal terms, Industry Turnover Index change rate was 11.4% (15.8% in November), reflecting the deceleration of 3.4 percentual points in the industrial prices, which index rose 10.6% in December. Excluding the Energy grouping, sales in industry grew 8.6% (11.4% in November). Domestic market and non-domestic market increased 11.2% and 11.8% (17.3% and 13.9% in the previous month), respectively. In the 4th quarter 2022, industrial turnover year-on-year change rate was 14.4% (24.9% in the previous quarter). The average growth rate was 21.8% in 2022 (14.4% in the previous year). This result shows the strong influence of the industrial production prices increase, which index grew 20.5% in 2022 (8.9% in 2021).

Year-on-year change rates of employment, wages and salaries and hours worked (adjusted of calendar effects) were, respectively, 2.1%, 6.3% and 1.0% (1.8%, 6.7% and 1.6% in November). Employment, wages and salaries and hours worked (adjusted of calendar effects) annual growth rates were 2.6%, 6.6% and 2.5% in 2022 (0.2%, 4.9% and 3.4% in the previous month), respectively.


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