Companies Survey, 4th quarter, 1999

18/03/2000
All Press Releases In Subject:
The Economy and Economic Activity

Companies Survey, 4th quarter, 1999

Overview:

In the last quarter of 1999, the trend of recovery in manufacturing, trade, transportation and communications, and hotels reported by companies since the second quarter continued, and even gained strength. The decline in activity in the construction industry has apparently slowed down. Reports indicated positive expectations regarding the level of activity in the next quarter. Reports from manufacturing companies show that in the last three quarters output and exports have grown, after six quarters when firms reported declines in output. Orders for the domestic market still show signs of weakness. Activity in hotels expanded for the third quarter in succession, after a long, continuous decline. Construction companies reported an increase in activity for the first time since the beginning of a long-drawn-out slump. However, seasonally adjusted data indicate that the decline continued, but more moderately. In contrast to the previous quarter, there was a rise in constraints on increasing output, which was expressed mainly on the demand side, and there was a marked reduction in orders. Expectations of price increases in the next twelve months showed a decline of one percentage point, to 4.2 percent, and those for the next quarter went down by 0.6 of a percentage point.

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