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HomeNewsTunisia: reported investment in industry drops 13.7% at end April 2022

Tunisia: reported investment in industry drops 13.7% at end April 2022

Reported investment in industry dropped by 13.7% in the 1st four months of 2022, to 784.1 million dinars (MD), according to the recent statistics of the Agency for the Promotion of Industry and Innovation (APII).

The number of reported projects stood at 1,047 at the end of April 2022, against 1,252 during the same period in 2021, down 16.4%.

Once achieved, these projects are expected to create 17,336 jobs.

The APII said the reported investment in the sectors of miscellaneous industries and leather and footwear industries rose by 104% and 67%, respectively.

However, investments in the chemical industries and the building materials, ceramics and glass industries fell by 85% and 56%, respectively.

The APII further pointed to a decline by 13.9% in reported investments in totally exporting industries from 383.6 MD to 330.1 MD during the first four months of 2022.

Likewise, industries whose production is oriented towards the local market dropped by 13.5%, from 524.6 MD to 454 MD during the first four months of 2022.

Investment in projects costing more than 5 MD decreased by 17.9% to 458.3 MD at the end of April 2022 while the 100% foreign and partnership industrial investments fell from 374.2 MD in the first four months of 2021 to 297.5 MD in April 2022, down by 20.5%.

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