Companies Survey, 1st quarter, 2001

03/07/2001
All Press Releases In Subject:
The Economy and Economic Activity

Companies Survey, 1st quarter, 2001

Overview:

Companies’ reports for the first quarter of 2001 indicate that for the second quarter in succession since the outbreak of the security-related incidents activity declined in all the principal industries—manufacturing, trade, construction, transport, communications, hotels, and business services. The decline was reflected in all the main aspects of activity: in manufacturing, domestic sales and exports fell; in the hotel industry, bed-nights, mainly of visitors from abroad, slumped; the construction of both buildings and infrastructure fell; overland, air, and sea transport all went down, as did communications. The share of companies reporting constraints, mainly on the demand side, continued rising in the second quarter, and sales dipped. Average inflation expectations continued to go down, to 2.2 percent a year for the next twelve months, and to 1.4 percent in annual terms for the next quarter.

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