Most of the other sectors, however, continue on a favourable recovery path from last year s recession. The construction sector also appears to have recovered from a two-year recession. Consumption picking up. The third quarter DANE growth figures did not yet include consumption data. However, the most recent data from DANE indicate that consumption is also on the path to recovery.
Industry continues to push recovery.
Most of the key sectors registered double-digit growth with transport equipment, textiles and steel output performing particularly well. Even though the slowdown in the GDP growth rate of the overall economy suggests that the momentum in the recovery from last year s recession is slowing, the sectoral breakdown indicates that most sectors remain on a favourable growth trajectory. The recuperation in the construction industry should help to lower unemployment and assist the incipient consumption recovery. As a result, panellists maintained their growth forecast this month.