Economic activity slows down in 2014

Economic activity slows down in 2014

Observed by activities, the growth of GVA was noted for the sections: agriculture, forestry and fishing; information and communication; and transportation and storage, the Office released.

The GVA fall was noted for the sections of: electricity, gas, steam and air conditioning supply; mining and quarrying; constructions; financial and insurance activities.

In 2014, industrial production noted physical volume fall of 6.8 percent, which was mainly contributed by the section of electricity, gas, steam and air conditioning supply.

Agricultural production in 2014 expressed physical volume growth of 1.5 percent.

The value of construction works carried out in 2014 noted fall of 4.1 percent.

The retail trade turnover expressed real growth of 2.6 percent, while the wholesale trade turnover slightly decreased.

In 2014, the section of accommodation and food service activities expressed real fall of 0.2 percent, while the number of tourist overnight stays decreased by 7.0 percent.

The section of transportation and storage noted 24.7 percent physical volume growth and division of telecommunication recorded 1.6 percent growth.

Unemployment rate, which in third quarter 2014 equaled 17.6 percent is obtained from the Labor Force Survey.

Net salaries and wages in 2014 increased by 2.6 percent in nominal terms, and decreased by 0.3 percent in real terms when related to 2013.