HomeFeatured NewsReported investment: striking differences between industry and services

Reported investment: striking differences between industry and services

Expected by many sides, figures of reported investment in industry and services, covering the first ten months of the current year were released on Thursday, December 8. An essential benchmark to measure the attractiveness of the national economy to local investors, certainly, but also those, foreign, linked by partnerships in joint ventures.

Let us know at once that the reported manufacturing investment during the aforementioned

period had amounted to 1,796.2 million dinars (MD), against 2,023.3 MD during the first ten months of 2021, down 11.2 %.

The number of reported projects reached 2438 during the first ten months of 2022, against 2,777 projects during the same period of 2021 (that is to say a fall of 12.2%). These projects will create 37326 jobs, against 39736 jobs during the first ten months of the year 2021, a decrease of 6.1%.

Textile up 130.7

Sectors that have seen increases in reported investment during the first ten months of 2022 are those of building materials industries, ceramics and glass (+17.9%), mechanical and electronic industries (+9.1%), textile and clothing industries (+130.7%), and leather and footwear industries (+92.2%)

On the other hand, the reported investments in other sectors have recorded decreased compared to the same period of 2022, these decreases are those of food industries (-28.7%), chemical industries (-69.3%), and miscellaneous industries (-12.7%)

It should be noted that 51% of reported investments during the first ten months of 2022 are within the framework of creation projects.

Those reported within the framework of projects of creation went down from 962.4 MD during the first ten months 2021 to 907.3MD during the first ten months of the year 2022, dropping 5.7%.

The investments reported within the framework of the projects other than creation (extension, renewal of material…) reached 907.3 MD against 962.4 MD during the first ten months of 2021, that is to say a fall of 5.7%. The number of these projects fell by 13.7% and jobs related thereto went up from 18,535 jobs to 20,971 during the first ten months of 2022 (or +13.1%).

Reported investments by regime

By regime, the investments reported in the totally exporting industries recorded a decline of 6.2%, to 782.3 MD from 834.4 MD during the first ten months of 2022. This is the case also of the industries whose production is directed towards the local market which dropped 14.7%, to 1,013.9 MD from 1,188.9 MD during the first ten months of 2022.  56% of the investments reported during the first ten months of the year 2022 are for not totally exporting projects.

The decrease of the investments reported in the totally exporting industries is due essentially to the sectors of the food-processing industries, the industries of the building materials, the ceramics and glass and the chemical industries:

In turn, investments relating to projects whose cost is greater than 5 MD, saw a decline of 11.3% from 1,249.9 MD during the first ten months of the year 2021 to 1,108.7 MD during the same period of the year 2022.

The number of reported projects reached 83 during the first ten months of the year 2022 against 89 projects during the same period of the year 2021 (that is to say a fall of 6.7%).

These projects will create 10805 jobs, against 12345 jobs during the first ten months of the year 2021, a decrease of 12.5%.

Regarding finally the 100% foreign and share-holding industrial investments, they went from 781.1 MD during the first ten months of the year 2021 to 665.4 MD during the same period of the year 2022, recording a drop of 14.8%. This fall results from the decrease of 56.1% of share-holding investments.

The exports of the industrial sector rose from 33,880.1 MD during the first ten months of 2021 to 41,528.6 MD during the first ten months of 2022, up 22.6%. The industrial sector has imported for 50,587.8 MD during the first ten months of the year 2022 against 39,933.1 MD during the same period of the year 2021, therefore recording a rise of 26.7%.

Services more inclined to reported investment

Contrary to those mobilized towards the industry, the investments reported in the service activities recorded an increase of 11.7% during the first ten months of 2022 (898.1 MD against 804.2 MD during the first ten months of the year 2021). The number of reported projects rose from 7218 to 7874 during the first ten months of the year 2022, that is to say an increase of 9.1%. The number of jobs to be created reached 25,339 against 24,565 during the first ten months of the year 2021, up 3.2%.

During that period, investment reported in activities of totally exporting services recorded an increase of 87.2%, with an amount 76.0 MD, against 40.6 MD during the same period of the year 2021.

Investments with foreign share-holding reported in services activities during the first ten months of 2022 represent only 10% of the overall reported investments. They went up from 50.7 MD during the first ten months of the year 2021 to 89.8 MD during the same month of the year 2022, recording an increase of 77.1%.

The number of projects with foreign participation has also increased by 29.8%, from 774 during the first ten months of the year 2021 to 1005 during the same period of the year 2022. Similarly, the number of jobs to be created, have experienced an increase of 32.1%.

It should be noted that Tunisian reported projects has seen an increase in their number by 6.6%, while number of reported investments went up 7.3% and jobs to be generated were down 1.7%.

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