Thus, for the ninth consecutive month, it exceeded the pre-covid level of February 2020 (+6.2%) and stood at only 2.2% of the maximum registered in November 2017.
The trend-cycle series registered a monthly rise of 0.3% and accumulates 18 months on the rise.
If compared to February 2020 prior to the start of the pandemic, The EMAE also grows 6.6%, while the rise is 4.5% compared to February 2019, being only 0.4% from the level of February 2018.
By activity sector, in February Almost all the sectors that make up the indicator grew year-on-year.
The exception was the sector Agriculture, which registered a slight drop of -0.8% year-on-year, with a low impact on the growth of the EMAE (-0.04 percentage points -pp-).
Once again, Hotels and restaurants led growth, which grew 31.9% year-on-year and contributed 0.4 pp to the growth of the EMAE. They also grew at double-digit rates Transport and communications (+14.5% year-on-year; contribution 1.1 pp), Mines and quarries (+14.1% year-on-year; contribution 0.4 pp) and Commerce (+11.7% year-on-year; contribution 1.6 pp ).
This last sector, together with Industry (+9.8% year-on-year; contribution 1.5 pp) were the ones with the greatest contribution to the growth of the EMAE for the month. Lastly, Taxes grew 11.5% year-on-year and contributed 2.0 pp to the growth of the general level
If compared to February 2020, 9 out of 15 sectors grow. The biggest rises occurred in Construction (+19.6%), Commerce (+16.3%) and Industry (+11.1%). Compared to February 2019, 8 sectors grew, with the highest increases also in Commerce (+12.1%), Industry (+9.8%) and Mining and quarrying (+8.9%).
Source: Ambito
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