
The manufacturing sector, especially the export industry, has entered a period of crisis. Quarterly indicators for the country's goods producers, published for the period April-June 2025, show contrasts between the manufacturing sectors, where industry continued to decline, while construction grew.
In industry, which includes extractive and processing activities, net sales in volume fell by 6.2% and production contracted by 0.5% compared to the same period a year earlier. The number of employees fell by 3.2%, although the wage bill increased by 4.5%.
These developments in the industry come from a combination of factors such as lower demand in key export markets, exchange rate losses, and rising domestic costs.
Unlike industry, construction is experiencing a growth phase, albeit at a slower pace. Net sales increased by 5.2%, production by 4.8% and employment by 3.6%, while the wage bill grew at a strong pace of 16.1%. This trend is related to the high demand for housing in urban areas, the increase in public infrastructure projects and the interest of foreign investors in the real estate market.
The electricity, gas and steam sector recorded a slight decline in sales (–0.1%) and production (–5.2%), while employment fell by 2.6%. The wage bill, however, increased by 6.3%, indicating pressure on labor costs. Water supply and waste management reflected a similar pattern: a decline in sales and production, but a slight increase in employment and a stronger increase in wages.
While in waste treatment and management, the net sales index in volume decreased by 4.7%, compared to the same period a year earlier, and the production index in volume decreased by 0.6%, compared to the same period a year earlier.
The index of the number of employees increased by 0.5%, compared to the same period a year earlier, and the wage fund index increased by 7.7%, compared to the same period a year earlier.
The data from the Institute of Statistics underlines the challenges facing the industry, which remains sensitive to external markets and production costs, while construction is currently supporting the pace of economic growth through high investments and stable demand in the housing market./ Monitor
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