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HomeNewsTunisia: reported investment in manufacturing industry down 14.5% in Q1

Tunisia: reported investment in manufacturing industry down 14.5% in Q1

Reported investment in the industrial sector has reached 619.1 million dinars, against 724.0 million dinars in the first three months of the year 2021, down 14.5 percent, said the Agency for the Promotion of Industry and Innovation (APII).

The number of reported projects reached 830 in the first three months of 2022 against 970 during the same period of 2021 (down 14.4%). These projects will generate 12,710 jobs, against 14,007 jobs during the first three months of 2021, a decrease of 9.3%, said the same source.

The value of investment intentions in the manufacturing sector amounted to 619.1 million dinars (MD) in the first three months of 2022, against 724 MD during the same period in 2021.

Investment intentions go through several intermediate stages before being realized. Specialists estimate it between two and three years, after completing all administrative procedures and obtaining licenses, including securing bank financing and approval of the authorities concerned to obtain tax privileges granted.

The sectoral distribution of investment intentions in industries, in particular, shows a decline for most of the sector’s branches, with rates of decline ranging from over 6% to 85%.

According to the indicators of the Agency of Promotion of Industry and Investment, the investments reported in the chemical industries decreased by 85%, to 13.9 MD at the end of 2022, against 93.3 MD in the same period of 2021.

The investment intentions in the building materials, ceramics and glass decreased by 57% to 18.4 MD in the first quarter of 2022, against 42.8 MD, in the same period last year.

In the same context, the investments reported in the field of mechanical and electrical industries fell to 198.4 MD at the end of March 2022, to 259.4 MD at the end of March 2021 (that is to say a fall of 23.5 percent). Investment intentions in the field of the food-processing industries also went down 6.7 % to 212.1 MD, against 227.4 MD in the same period last year.

On the other hand, investment intentions in textile and clothing recorded an increase of 20.4 pc to 50.1 MD in the first quarter of 2022, from 41.6 MD in the same period last year.

Investments reported in the leather and footwear industry grew around 15.5 MD, against 9.6 MD between the first quarter 2022 and 2021.

The largest share of the increase in investment intentions concerns the sector of miscellaneous industries, whose value has increased from about 50 MD to 110.7 MD between the first three years of 2021 and 2022.

The report of the Agency of Promotion of Industry and Innovation has, also, revealed that investment intentions in the field of the services related to the industrial sector saw a remarkable rise, reaching 316,9 MD, at the end of the first quarter of this year, against 189 MD, in the same period of 2021.

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