Current Economic Trends
Industrial and services production, and facility and construction investment decreased while retail sales increased in December 2022. Employment rose at a slower pace and consumer prices rose at a slightly faster pace in January 2023. All industry production decreased 1.6 percent month-on-month in December 2022 as both industrial production (down 2.9%, m-o-m and down 7.3%, y-o-y) and services production (down 0.2%, m-o-m and up 3.7%, y-o-y) declined. Retail sales rose in December (up 1.4%, m-o-m and down 2.5%, y-o-y), while facility investment (down 7.1%, m-o-m and up 3.2%, y-o-y) and ...