Wednesday, December 8

Monthly Index of Economic Activity grew 18.02% in September 2021

The Monthly Index of Economic Activity (IMAE) in the Republic registered an increase of 18.02% during September 2021, compared to the same month of the previous year, according to preliminary information compiled by the National Institute of Statistics and Census (Inec).

The accumulated IMAE of January-September 2021 showed an increase of 14.94%, compared to the same period in 2020. This growth continues to show the process of recovery of economic activity, after the impact of the health emergency caused by Covid-19.

In the analysis of the accumulated period carried out by the Inec, it is indicated that the activities that registered a favorable behavior were: mining, construction, trade, other community, social and personal service activities, transportation, storage and communications, private health services, electricity and water, public administration, manufacturing and agricultural industries.

Conversely, the sectors that presented negative rates were: hotels and restaurants, private homes with domestic services, education, financial intermediation, fishing and real estate, business and rental activities.

The Inec details that the mining industry registered a good behavior associated with the export of copper ore and its concentration, likewise, Construction due to the execution of public investments and the gradual reactivation of many private projects.

Commercial activity showed a positive rate in its main indicators such as re-exports in metric tons from the Colon Free Zone, and local retail and wholesale trade.

Transportation, storage and communications services continue with positive results in the Canal tolls, telecommunications, the movement of TEU containers of the National Port System and the commercial movement in the Colon Free Zone.

Likewise, the Electricity and water category presented a positive range, mainly in the generation of renewable electricity and consumption in the commercial, industrial and Government areas.
Among the activities that presented negative rates in the accumulated period, January – September, were:

The services in hotels, especially, due to the low influx of tourists, hikers
and passengers in transit. Private households with domestic services, due to the few personnel employed in this activity, due to the labor situation facing the country.

Financial intermediation showed a decrease due to financial services, however, the insurance activity registered an increase due to the higher volume of written premiums.

Fishing activity due to the decrease in the capture of some export-oriented species, including fish and fresh and frozen fish fillet; however, shrimp registered increases.

Among the economic activities that registered positive year-on-year results
(September 2021-20) we can mention: Industrial manufacturing production in some activities related to the production of food products.

In the agricultural sector, activities such as: The raising of pigs, poultry
and the cultivation of pineapple.

The provision of entertainment and entertainment services, mainly in gambling
in gambling halls of luck and chance, coming from type A slot machines,
and sports betting halls registered positive rates.

Some indicators linked to the construction activity such as the production of
cement and ready-mix concrete.

The Inec report highlights that the current health crisis has imposed a challenge on the gathering of statistical data that are the source for the preparation of the IMAE and in that sense, the INEC has
made enormous efforts with the producers of these, to minimize the
impact on the quality of this index.

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