Regional Network: Continued solid growth
The upswing among Regional Network contacts continues, and growth is expected to remain firm over the next half-year.
Enterprises now report annual output growth of 2.9%, approximately as reported in the November survey. Increased oil investment, digitalisation and high public investment contribute to lifting growth. Continued weak growth in retail trade and lower residential construction are having a dampening effect.
Capacity utilisation has picked up, and employment has continued to rise. Enterprises estimate annual wage growth of 3.0% in 2019.
Output growth is expected to remain firm over the next half-year. Contacts plan to increase investment ahead, and planned growth is slightly higher than expected in the previous survey.
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