KSH: In the fourth quarter of 2023, the performance of the economy was unchanged

In 2023, GDP was 0.9 percent lower than the previous year based on raw data, and 0.7 percent lower than the previous year based on seasonally and calendar-adjusted and balanced data.

The raw volume index of the second estimate did not change, the seasonally and calendar-adjusted and balanced index was 0.1 percentage points higher compared to the first estimate, KSH noted.

On the production side, the performance of industry, including the manufacturing industry, fell by 6.4 percent compared to the fourth quarter of 2022.