The closing of nationwide accounts for the third quarter (Q3) of 2022 reveals a marked slowdown within the development of the nationwide financial system, which was 1.6% as a substitute of 8.7% in the identical quarter of the earlier yr, in line with the Excessive Fee for Planning (HCP).

Non-agricultural exercise elevated by 3.6%, whereas agricultural exercise decreased by 15.1%, in line with the HCP, which has simply printed an data word on the state of the nation’s financial system within the third quarter of 2022.

This development, pushed by home demand, was achieved in circumstances of “excessive inflation” and “deteriorating financing wants” of the nationwide financial system, the GKP notes.

The seasonally adjusted worth added of the first sector fell by 16.2% within the third quarter of 2022, after rising by 14.3% in the identical quarter of the earlier yr.

That is defined by a fall within the added worth of agriculture by 15.1% as a substitute of a rise of 16.6%, and fishing – by 33.2% as a substitute of a drop of 20.1%, the identical supply emphasizes.

For its half, the worth added of the secondary sector skilled a noticeable slowdown in development, falling from 5.1% in the identical quarter of the earlier yr to 0.4%.

This improvement, the HCP continues, is the results of a ten.4% drop in extractive trade worth added as a substitute of a 2.8% enhance; building and enchancment — by 2.5% as a substitute of 14.2% development; “Electrical energy, gasoline, water provide, sewage and waste” — by 0.1% as a substitute of three.8% development; within the manufacturing trade – by 2.8% as a substitute of two.5%.

For its half, the worth added of the tertiary sector recorded a slowdown in development from 8.9% in the identical quarter of the earlier yr to five.7%.

There was a slowdown within the development of lodging and meals actions to 50.1% as a substitute of 72.5%; Transport and warehousing — 5.5% as a substitute of 33.8%; training, well being and social providers by 3.1% as a substitute of three.2%; Analysis and improvement and providers supplied to corporations – 2.6% as a substitute of 10.7%; commerce and restore of autos — 1.4% as a substitute of seven.6%; and actual property providers by 1% as a substitute of three.2%.

This transformation can be the results of a rise in monetary providers and insurance coverage of 6.5% as a substitute of 5.5%; basic authorities and social safety providers, from 4.5% as a substitute of 4%; Data and communication – 1.4% as a substitute of 0.4%, the message added.

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