Companies Survey, 2nd quarter, 2001

19/08/2001
All Press Releases In Subject:
The Economy and Economic Activity

Companies Survey, 2nd quarter, 2001

Overview:

Reports from companies for the second quarter of 2001 indicate that the decline in activity in nearly all principal industries and in companies in all categories of size and human-capital intensiveness worsened for the third quarter in succession since the outbreak of the security-related incidents. Manufacturing, trade, construction, transport, hotels, and business services were all affected. Activity in communications, however, increased slightly. The decline was reflected in all the main aspects of activity: in manufacturing, domestic sales and exports both fell; in the hotel industry, the slump in bed-nights, mainly of visitors from abroad, continued; the construction of both buildings and infrastructure went down; and overland transport activity decreased. Reports of constraints on increasing output, mainly on the demand side, continued, with a decline in sales and the number of employees. Average inflation expectations for the next twelve months rose to 2.7 percent a year, and for the next quarter to 3.1 percent in annual terms.

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