This is a very comprehensive statistical analysis report ont he hiring intentions of thousands of employers across 42-Countries and covering 9-Key Industry Sectors. The information gives a comprehensive study and analysis of the data provided along with a forecast of activity movements over the short and mid-term periods. This report is available from Montague Consult on a subscription basis which includes a quarterley updated version throughout the year.
This document brings together a set of latest data points and publicly available information relevant for Manufacturing Industry. We are very excited to share this content and believe that readers will benefit immensely from this periodic publication.immensely.
D&B Analysis | Flat Spot in US Economic Recovery (Fall 2012)Dun & Bradstreet
In this report, D&B confirms a flat spot in US economic recovery for the first half of 2012. Unfortunately, the second half of 2012 is likely to reflect the same.
Why invest in Bulgaria? ELANA Trading gives you the top advantages of this East European economy with a snapshot also of the Bulgarian stock market potential and some stock picks. Data as of 30 June 2017.
This document brings together a set of latest data points and publicly available information relevant for Manufacturing Industry. We are very excited to share this content and believe that readers will benefit immensely from this periodic publication.immensely.
D&B Analysis | Flat Spot in US Economic Recovery (Fall 2012)Dun & Bradstreet
In this report, D&B confirms a flat spot in US economic recovery for the first half of 2012. Unfortunately, the second half of 2012 is likely to reflect the same.
Why invest in Bulgaria? ELANA Trading gives you the top advantages of this East European economy with a snapshot also of the Bulgarian stock market potential and some stock picks. Data as of 30 June 2017.
Reflecting a positive hiring outlook, the organized sector in India is expected to create about 1.6 million new jobs in the year 2012, as per the latest results of a survey from HR firm Ma Foi Randstad..
The entire economy is on back step due to Corona Virus pandemic. In this presention i have analysed the impact of COVID on various sectors of the economy.
Sector Wise Stock Market Performance during Pre and Post Covid EraDr. Amarjeet Singh
The spread of the Covid-19 pandemic has an unprecedented and immense impact on the world economy as well as the Indian economy. The stock market, treated as a barometer of the economic activity of any country is adversely affected. Not even in India, countries like Germany, France, the USA, and Spain have been strongly affected. Nationwide lockdown, restriction on the transportation system, demand-supply disequilibrium lead to slow down in the economy and create a fear factor among the participants of the capital market. Rapid fall in the share price and increased volatility are identified during this period. The present study tries to compare the stock price return volatility, no of the transaction, and delivery percentage of various listed companies listed on BSE during the pre and post COVID 19 periods to examine the effect of this pandemic on the economy as a whole.
The structured analysis of MEtS was executed by India’s leading economic research firm Indicus Analytics
Driven by India’s economic turnaround post downturn, hiring in the organized sector is set to pick up at a greater pace in the second quarter reveals the first quarter results of the Ma Foi Randstad Employment Trends Survey.
Driven by India’s economic turnaround post downturn, hiring in the organized sector is set to pick up at a greater pace in the second quarter reveals the first quarter results of the Ma Foi Randstad Employment Trends Survey.
The findings of the study for the period of January – March 2010 was released by Mr. K. Pandia Rajan, CEO, Ma Foi Randstad (India & Sri Lanka).
Ma Foi Randstad is the leading integrated HR services provider in the country and has been conducting the employment trends survey since 2004. This study is India’s largest job market study.
In March 2010, Ma Foi Randstad predicted creation of 1 million jobs in the year 2010.The latest projection for the period of April to June (Q2) and estimates of actual job creation in January to March 2010 (Q1) for the organized sector was arrived at, after surveying the employment trends in 650 companies across 13 industry sectors in eight major cities - Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Kolkata, Mumbai and Pune. These companies were queried about (a) hiring in the first 3 months of the year and (b) hiring intentions over the next 3 months.
The study reveals creation of 1,53,564 jobs during Jan - March 2010 and 3,47,463 jobs are getting created in the period of April – June 2010.
Sector-wise Employment Trends:
According to the survey, the employment trend across all sectors – BFSI, IT & ITES, Pharma, Healthcare, Trade including Consumer, Retail & Services, Energy, Transport, Storage & Communication, Real Estate & Construction, Hospitality, Media & Entertainment, Non-Machinery Manufacturing, Manufacturing of Machineries & Equipments, Education, Training & Consultancy are on the same card in the first quarter and are expected to continue at a faster pace in the second quarter.
The recovery from economic crisis has further strengthened the momentum of the Healthcare sector which has reported the greatest employment generation of 52,752 new jobs in Q1, followed by Hospitality with 21,500 in the same period. Education, Training & Consultancy sector added 16, 200 new jobs in Q1.
Projection for Q2 is that healthcare sectcor again will add the largest number of new jobs – 96248. Real estate and construction sector is estimated to add 52115, the 2nd highest job creator in the economy. This will be closely followed by Hospitality sector that is estimated to create 49000 jobs. IT and ITES sectcor is estimated to add 34000 new jobs; Media and entertainment sector to add 28700 jobs; Education, Training and Consultancy to add 23200 jobs. Non-machinery Manufacturing (17,300), BFSI (15,800), Transport, Storage and Communication (8,800), Pharma (6100), Energy (5,900), Manufacture of machinery and equipment (5300) and Trade including consumer, retail and services (5,000) are expected to pick up hiring momentum in Q2 of the year.
There is a significant increase of hiring intentions in Q2 vis-à-vis Q1 for sectors of Real Estate and Construction, Media and Entertainment and Healthcare.
City-wise Employment Trends:
Delhi & NCR is expected to add 38, 350 jobs (added 17650 in Q1 and likely to add 20700 in Q2) by June 2010. The expectation of better performance across sectors has increased optimism among companies, resulting in increase in hiring intent. Mumbai is expected to add 27, 650 jobs (12750 in Q1 and 14900 in Q2) and Chennai is expected to add 11,900 jobs (5600 in Q1 and 6300 in Q2) by June 2010. Following these top three cities are Kolkatta – 8350 jobs, Bangalore – 6800 jobs, Hyderabad – 6200 jobs, Pune – 5400 jobs and Ahmedabad – 3260 jobs.
Sector-wise Fresher/
Reflecting a positive hiring outlook, the organized sector in India is expected to create about 1.6 million new jobs in the year 2012, as per the latest results of a survey from HR firm Ma Foi Randstad..
The entire economy is on back step due to Corona Virus pandemic. In this presention i have analysed the impact of COVID on various sectors of the economy.
Sector Wise Stock Market Performance during Pre and Post Covid EraDr. Amarjeet Singh
The spread of the Covid-19 pandemic has an unprecedented and immense impact on the world economy as well as the Indian economy. The stock market, treated as a barometer of the economic activity of any country is adversely affected. Not even in India, countries like Germany, France, the USA, and Spain have been strongly affected. Nationwide lockdown, restriction on the transportation system, demand-supply disequilibrium lead to slow down in the economy and create a fear factor among the participants of the capital market. Rapid fall in the share price and increased volatility are identified during this period. The present study tries to compare the stock price return volatility, no of the transaction, and delivery percentage of various listed companies listed on BSE during the pre and post COVID 19 periods to examine the effect of this pandemic on the economy as a whole.
The structured analysis of MEtS was executed by India’s leading economic research firm Indicus Analytics
Driven by India’s economic turnaround post downturn, hiring in the organized sector is set to pick up at a greater pace in the second quarter reveals the first quarter results of the Ma Foi Randstad Employment Trends Survey.
Driven by India’s economic turnaround post downturn, hiring in the organized sector is set to pick up at a greater pace in the second quarter reveals the first quarter results of the Ma Foi Randstad Employment Trends Survey.
The findings of the study for the period of January – March 2010 was released by Mr. K. Pandia Rajan, CEO, Ma Foi Randstad (India & Sri Lanka).
Ma Foi Randstad is the leading integrated HR services provider in the country and has been conducting the employment trends survey since 2004. This study is India’s largest job market study.
In March 2010, Ma Foi Randstad predicted creation of 1 million jobs in the year 2010.The latest projection for the period of April to June (Q2) and estimates of actual job creation in January to March 2010 (Q1) for the organized sector was arrived at, after surveying the employment trends in 650 companies across 13 industry sectors in eight major cities - Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Kolkata, Mumbai and Pune. These companies were queried about (a) hiring in the first 3 months of the year and (b) hiring intentions over the next 3 months.
The study reveals creation of 1,53,564 jobs during Jan - March 2010 and 3,47,463 jobs are getting created in the period of April – June 2010.
Sector-wise Employment Trends:
According to the survey, the employment trend across all sectors – BFSI, IT & ITES, Pharma, Healthcare, Trade including Consumer, Retail & Services, Energy, Transport, Storage & Communication, Real Estate & Construction, Hospitality, Media & Entertainment, Non-Machinery Manufacturing, Manufacturing of Machineries & Equipments, Education, Training & Consultancy are on the same card in the first quarter and are expected to continue at a faster pace in the second quarter.
The recovery from economic crisis has further strengthened the momentum of the Healthcare sector which has reported the greatest employment generation of 52,752 new jobs in Q1, followed by Hospitality with 21,500 in the same period. Education, Training & Consultancy sector added 16, 200 new jobs in Q1.
Projection for Q2 is that healthcare sectcor again will add the largest number of new jobs – 96248. Real estate and construction sector is estimated to add 52115, the 2nd highest job creator in the economy. This will be closely followed by Hospitality sector that is estimated to create 49000 jobs. IT and ITES sectcor is estimated to add 34000 new jobs; Media and entertainment sector to add 28700 jobs; Education, Training and Consultancy to add 23200 jobs. Non-machinery Manufacturing (17,300), BFSI (15,800), Transport, Storage and Communication (8,800), Pharma (6100), Energy (5,900), Manufacture of machinery and equipment (5300) and Trade including consumer, retail and services (5,000) are expected to pick up hiring momentum in Q2 of the year.
There is a significant increase of hiring intentions in Q2 vis-à-vis Q1 for sectors of Real Estate and Construction, Media and Entertainment and Healthcare.
City-wise Employment Trends:
Delhi & NCR is expected to add 38, 350 jobs (added 17650 in Q1 and likely to add 20700 in Q2) by June 2010. The expectation of better performance across sectors has increased optimism among companies, resulting in increase in hiring intent. Mumbai is expected to add 27, 650 jobs (12750 in Q1 and 14900 in Q2) and Chennai is expected to add 11,900 jobs (5600 in Q1 and 6300 in Q2) by June 2010. Following these top three cities are Kolkatta – 8350 jobs, Bangalore – 6800 jobs, Hyderabad – 6200 jobs, Pune – 5400 jobs and Ahmedabad – 3260 jobs.
Sector-wise Fresher/
The year 2010 saw major economies registering modest growth and India on a balanced growth path. India story gained primacy at the beginning of 2010, with the changing market scenarios across the world.
The outlook is more or less stable across sectors over the
months. The optimism of early 2010 was further
strengthened due to a positive economic outlook, but the
recent political developments marked with scandals have
made an impact on the overall business confidence, albeit
marginal. Employment generation has remained stable and
upbeat in most of the sectors. However, continuous
inflation, price of raw materials and intermediate industrial
products, scams involving ministers and so on have created
some caution in the minds of entrepreneurs. The
movement of skilled workforce within the sector continued
during the 4th Quarter of 2010. The change in
employment across sectors is given in the table below.
The employment scenario during any specific time period
needs to be viewed from the perspective of various
activities and at several fronts, for a considerable period.
This section has presented the estimated employment
numbers with expectations for different sectors of the
Indian economy. It also lists some of the issues that might
have an impact on the employment scenario, either directly
or indirectly. This will help correlate between the trends
observed regarding employment and economic as well as
political fundamentals.
The BFSI sector is expected to add 116,240
jobs in 2011.
The stable and positive sentiment at the economic front continues
to help the BFSI sector to grow further during the 4th Quarter of
2010. Responses from the BFSI companies indicate that almost
similar condition will prevail during the first two quarters of 2011
as well as for the entire year. The sector is cautiously optimistic
about growth of employment numbers.
The raise of Repo and Reverse Repo rates by RBI on 25th January
2011 has caused an increase of Repo rate by 175 basis points and
Reverse Repo rate by 225 basis points, since March 2010. CRR has
increased by 100 basis points during the same time.
Inflation has remained a cause for concern over the past months
and is expected to continue for a few more months to come.
However, the response to structural causes of inflation needs to be
through reallocation of resources across sectors. Short term
measures like interest rate hikes, though manage to contain
inflation to a moderate level are not strong enough to sustain
growth. .
The recent RBI report on the Micro Finance sector has
recommended several checks to resolve the issues and improve
transparency. However, observations have also been made
regarding the “Recovery Culture” in the financial sector and its
adverse effects on the customers. This is an important observation
made by RBI, in view of the recent measures taken by the Andhra
Pradesh Government to regulate the recovery of loans from the
small borrowers by the MFIs. However, the drive towards financial
inclusion will certainly play a positive role in employment
generation in this sector.
Bank credit to commercial sector is increasing steadily, which is
one of the major driving forces for the banking sector in the
country.
Insurance sector, both life and general, has witnessed a positive
sentiment in the 4th Quarter as compared to the previous ones
and is expected to do better in coming months.
The Education, Training and Consulting sector
is expected to add 107,500 jobs in 2011.
Education sector continued to contribute significantly to the
employment base of the country during the last Quarter of 2010.
The sector is expected to grow at similar rate during the first
couple of Quarters of 2011. However, the expectation regarding
growth for the entire calendar year of 2011 is slightly lower
compared to the first two Quarters of the year.
The regulatory ambiguity still remains the biggest impediment that
holds back the sector’s transformation into one of country’s
largest industry
Commercial Real Estate Outlook provided by the National Association of Realtors reporting on the economy, major commercial real estate sectors including industrial, retail, office and multi-family / apartment sectors
Posterscope’s ‘Media Digest’ features in depth analysis of the market and our perspective on the year ahead, including a broad economic review and forecast, a deep-dive into media and category spend, and featuring key learnings from a wide range of recent interactive and brand-building campaigns.
We cover all you need to know about the new out-of-home audience measurement currency, Route, as well as commentary on mobile and digital trends, a glimpse into tools and projects recently launched by both ourselves and our media partners, and much more.
Small, Medium and Micro Enterprises and the Informal Sector Dr Lendy Spires
PER&O 2006 identified an important issue related to employment growth namely that, while the formal sector appeared to be growing, the informal sector was lacklustre and did not appear to be generating new employment. In fact, informal sector employment appeared to be stagnant at best, preventing the sector from making a greater contribution to the provincial economy. This year, we take a closer look at the informal sector and Small, Medium and Micro Enterprises (SMMEs) in the Province.
This section presents some descriptive statistics of informal sector and SMME employment. The section continues by looking at some of the factors that may hinder growth, employment expansion and rising incomes in these sectors. It is hoped that this section raises some important issues for further debate and investigation. 2. SMMEs and the informal sector In PER&O 2006, it was noted that the informal sector was not performing well, that it was in fact flagging and therefore not making the contribution it could to employment growth and the alleviation of poverty. Informal sector employment was, at best, stagnant and, at worst, falling between 2000 and 2004.
While greater formal sector employment should, arguably, be the primary focus of policy in this area, the informal sector should not be neglected. In this section, we look at some of the characteristics of the informal and SMME sectors and some of the issues and challenges facing them. 2.1 Descriptive overview of informal and small business sectors The dividing line between the informal sector and the formal sector is not always a clear one, with varying definitions being used in different countries attempting to categorise economic activity that essentially falls on a (multi-dimensional) continuum.
Further, classifying businesses according to size can be done in more than one way, thus leading to situations where firms identified as small using one criterion are not necessarily small according to another. Although there is no universally accepted definition of what constitutes an informal enterprise, there is consensus that they are small scale, and operate outside registration, tax and social security frameworks, and health and safety rules for workers, with informal economic activity being defined by its ‘precarious’ nature. Chapter 6: Small, Medium and Micro Enterprises and the Informal Sector
“Media Digest” offers a broad economic review along with our current forecasts, a deeper dive into the OOH sector category-specific insights, and a whole range of recent projects from us and some of our partners – with a special feature this time on smartphone usage and its impact on consumer behaviours.
Monetary Policy Shocks and Agricultural Output Growth in Nigeriaiosrjce
This paper investigated the transmission channel of monetary policy shocks to agricultural output
growth over the period 1970 – 2012. Data were drawn from the Central Bank of Nigeria Statistical Bulletin,
2013. The study estimated a VAR model and showed that producers are able to effectively transfer increases in
cost of production to the final consumer through increased prices; and that though monetary policy shocks,
interest rate and consumer prices have dominant impacts on agricultural output growth in Nigeria, but that
monetary policy shocks transmitted through the interest rate channel are more effective. It was therefore
recommended that monetary policy efforts to revitalize the agricultural sector should focus more on the use of
differential interest rates amongst other policy tools.
Mercer Capital's Value Focus: Insurance Industry | Q1 2016Mercer Capital
Mercer Capital’s Insurance Industry newsletter is a quarterly publication providing perspective on valuation issues pertinent to insurance brokers, underwriters, and other industry professionals. Each issue includes a segment focus, market overview, mergers and acquisitions review, and more.
FiinPro Digest #3: Covid-19 Pandemic: Assessing the Impacts from Corporate Fi...FiinGroup JSC
This Report is part of “FiinPro Data Digest” series and prepared
primarily for subscribers of FiinGroup’s financial information and
data platforms. As noted in previous issues, FiinPro Data Digest
focuses on analyzing financial data to give commentaries and
findings with specific data-driven evidence in order to provide
independent and in-depth perspective on securities and financial
issues.
Download:
VIE version: https://bit.ly/3ezcM31
EN version: https://bit.ly/3gRUbkW
Performance comparison between public and private sector banks in IndiaRitu Sah
Special reference to nonperforming assets and profitability along with other parameters like network, productivity, capital adequacy ratio, asset quality and net profitability in Indian banking sector.
Similar to Montague Consult Industry Sector Hiring Comparison Report Sample (20)
Montague Consult Industry Sector Hiring Comparison Report Sample
1. Industry Sector Hiring
Comparison Report
Sample
Supported by the Institute Of Recruiters
The Montague Consult Comparison Reports, are a comprehensive statistical analysis providing a full historic and
forecasting consideration of the hiring intentions of employers across 42-Countries. This information will be useful to a
number of people and organisations as it gives a good understanding on a particular Industry Sector’s performance
within a given country. Therefore, whether you are operating within the Recruitment Industry, responsible for the
strategic development of a business, responsible for international development, working within Business Investment
or Finance, the information contained within these reports will prove to be invaluable. The reports will cover a period
of Quarter 1 2007 though to and including Quarter 4 2012 and will be updated on a quarterly basis, four times per year
moving forward.
h Montague Consult Limited in Association with the Institute of Recruiters
1
2. Abstract
The Montague Consult International Industry Sector Hiring Comparison Report is a
comprehensive statistical analysis report of the hiring intentions from nine key industry
sectors, namely Agriculture, Community & Social, Construction, Finance & Business Services,
Hotels & Retail, Manufacturing, Mining, Transport & Communication and Utilities. The
reports have been compiled from analysing information gained from the Manpower Global
Employment Outlook Survey, the Antal International Global Snapshot and information from
various international Governmental Offices in relation to the economic performance. The
figures shown are representative of more than 2,500 employers surveyed globally, where
each percentage point is assigned in-line with the employer’s intention to or consideration
to hire within that quarter period. Averages are based upon the percentage points gained
and divided by a given period i.e. quarter or year or by the number of Countries for averages
for global regions i.e. Americas, Asia Pacific or EMEA.
The reports will be available in two formats, the first will be the International Comparison
broken down by global regions namely Americas, Asia Pacific and EMEA. The second will be
a Country Specific report which will cover 42-Countries. Both will contain information
broken down by Industry Sector, by Year and by Quarter together with a full analysis report
in each case and a analytical forecast of the hiring intentions for that specific County and
Sector. The reports will be updated 4-times per year (Quarterly) which will be included
within the annual subscription fee.
Sample Report
Represents period between 2007 through to and including current period Contents Chapter
One UK Hiring Patterns Overview by Sector 4 Chapter Two UK Hiring Patterns Overview by
Sector by Year 10 Chapter Three UK Hiring Patterns by Sector 24
Chapter Four UK Hiring Patterns by Sector by Year 34 Chapter Five
Conclusion 60 UK Hiring Patterns Overview by Sector The overview of
the UK Hiring Patterns shows that of all Industry Sectors, the Utilities
Sector performed the strongest with an average score of 10% between
the periods of Quarter 4 2006 and Quarter 4 2012.
We have analysed a total of nine sectors throughout the UK and over
the outlined period above, the average
performance levels throughout the period has
resulted in the following sectors scoring highest to lowest: Utilities 10%
Hotels & Retail 9% Mining 7% Community & Social 3% Transport &
Communication 2% Agriculture 1% Manufacturing 0. 16% and Finance
& Business Services 0. 04% Construction -2% Agriculture As outlined
above, the Agriculture Sector has underperformed on average
throughout the period of Quarter 4 2006 and Quarter 4 2012 scoring an
average of 1%.
h Montague Consult Limited in Association with the Institute of Recruiters
2
3. The Agriculture Sector throughout this period outperformed the Community & Social Sector
by 2%, the Construction Sector by 1%, the Finance & Business Services Sector by 5%, the
Manufacturing Sector by 2%, the Transport & Communication Sector by 6% and the Utilities
Sector by 5%.
Yet, surprisingly this Sector managed to outperform the Transport &
Communication Sector, Agriculture Sector, Manufacturing Sector,
Finance & Business Services Sector and the Construction Sector with
an average score basis throughout this period scoring on average 3%.
However, the Construction Sector has also managed to hit a low of -
23% in Quarter 1 2009 resulting in the sector coming in last place
with the next lowest performer managing to remain some 15% ahead
of the Construction Sector scoring a -8% from the Finance & Business
Services Sector.
Hotels & Retail The Hotels & Retail Sector was one of the strongest
performers throughout the period of Quarter 4 2006 and Quarter 4
2012, scoring an average score of 9% and achieving second place
overall and with just 4% difference between this sector and the top
performing sector the Mining Sector.
Throughout this period, the Manufacturing Sector managed to score a
high of 14% twice in Quarter 2 and Quarter 3 of 2007, outperforming
the Transport & Communication Sector, the Community & Social Sector
and the Agriculture Sector within the same periods.
Further down the list but not far behind the Community & Social
Sector is the Manufacturing Sector with an average score of 2. 51%
while the Agriculture managed a respectful 1.33% which although
low, has managed to outperform the Transport & Communication
Sector who managed to gain an average score of 0. 84% and the
Finance & Business Services Sector with an average score of 0. 49%.
In Quarter 1, the sector started the year with a score of 0% and
although it managed to briefly fight back with a respectful score of
9% in Quarter 3, this was never going to last and the sector ended
the year in Quarter 4 with a score of -2% as the recession started to
tighten its grip.
However, the jubilations were short lived as we entered Quarter 3
and this sector managed a score of 2% which was further declined
over Quarter 3 and Quarter 4 where the sector achieved a score of
0% in each quarter.
Data Graph Chapter Three UK Hiring Patterns by Sector UK Hiring
Plans by Sector Agriculture The Agriculture Sector has started its
performance throughout the period of Quarter 4 2006 through to
h Montague Consult Limited in Association with the Institute of Recruiters
3
4. Quarter 4 2012 reasonably strong scoring an average score of 5% in 2007 but unfortunately
not managing to outperform any of the other sectors in the same period.
Although, the later result is low, it is surprisingly high in comparison to some of the other
sectors which it managed to outperform such as the Construction Sector, the Finance &
Business Services Sector, the Transport & Communication Sector, the Agriculture Sector and
the Manufacturing Sector retrospectively.
The lowest performer was found to be the Agriculture Sector with
an average score of 5% which has resulted in this sector being
outperformed by the Manufacturing Sector, Finance & Business
Service Sector and the Construction Sector which the Agriculture
Sector managed to outperform in the overall comparison outlined
above.
In Quarter 1 this sector achieved a score of 11% and although we
see a reduction in this sector over the year, the sector still ended
the year at 2% which was a great result all things considered and
enabled the sector to achieve an average score of 7%.
This sector ended the year in another dip in the final quarter with a score of 0% resulting in
this sector achieving an average score of 8% which still enabled the sector gaining a
respectful score for the year.
There was further evidence of a growth period when the sector achieved
a score of 4% in Quarter 3 before retracting again in Quarter 4 with a
final score of -4% leveraging an average score for 2010 of -1% which
resulted in the sector finding itself in the middle of the table at the end
of the year.
The sector ended 2011 in Quarter 4 with a slightly retracting score of 0.
07%, this resulted in the sector achieving an overall average hiring
performance score of 0. 1% which in a year on year comparison sees the
sector suffer a significant 7. 9% decline.
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