REGIONAL NETWORK

Even though contacts report a sharp rise in prices over the past twelve months, a majority of contacts expect an accelerating rise in prices in the year ahead, reflecting

Services and building and construction expected prices to rise more rapidly ahead, while manufacturing and retail trade contacts expect the rise in prices to slow. Overall

Export industry contacts reported weak output growth, somewhat lower than in the previous survey.. Demand from the international petroleum industry was reported to be lower and a

The fall in oil prices and lower activity in the petroleum industry have weakened growth prospects in most sectors, but retail trade and the export industry expected

Contacts in the construction industry reported that volume growth had been moderate over the past 3 months, approximately unchanged since the previous round.. The level

Solid growth in commercial services and further recovery in the oil service sector have contributed to lift- ing growth over the past three months.. Higher oil investment,

The overall level of employment reported by network contacts has remained broadly unchanged over the past three months.. The oil service sector reports the most pronounced decline,

Contacts in the construction industry reported that volume growth had been fairly moderate over the past 3 months, slightly weaker than in the previous survey..