End of 2014 = worse economic situation in furniture production

According to official CSO data in the field of industrial economic situation in December 2014 there was noted worse economic situation in furniture production. For example in December 2014 the current production rate was plus 16,8 whereas in analyzed period in 2013 it was 21,8 and in November 2014 plus 29,4. Estimations about expected furniture production indicate on worse moods in compare to December 2013. In December 2014 this indicator was minus 2,6 whereas in December 2013 it was plus 5,4 and in November 2014 it was about 18% higher and achieved plus 16,1.

As for expected employment in furniture industry, in December 2014 this indicator was plus 2,3 which means more need to hire employees than in December 2013 (0,3), but at the same lower than ion previous months in 2014.

Discussed ecnomic indicators in furniture production suggest, that by the end of 2014 there has been a slowdown in production. This phenomenon is partly connected with continued seasonality in furniture production and partly with effect of high reference base.

 

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