For its part, economic activity exceeded the pre-covid level of February 2020 for the ninth consecutive month, rising 5.1%. It was only 3.3% from the maximum of November 2017. With these data, the first quarter of the year closed with a growth in economic activity of 1% quarterly and 6.1% year-on-year.
In the division by sector, in March, all the sectors that make up the indicator grew year-on-year with the exception of agriculture, which contracted 5.5% and slightly offset the growth of the EMAE by 0.5 percentage points.
The growth was led by Hotels and restaurants, which expanded 33.1% and contributed 0.3 percentage points to the EMAE. With double-digit growth rates, it was followed by Transport and communications, which grew 12.7% and was the sector with the highest sectoral contribution for the month (0.9 percentage points).
For its part, Mines and quarries, increased 12.1% and had a contribution of 0.4 percentage points. Commerce also grew with 4.8% and a contribution of 0.7 percentage points, Industry rose 3.6% with a contribution of 0.6 percentage points and Construction rose 2.3%; with a contribution of 0.1 percentage points, in addition to Taxes, which grew 6.6% with a contribution of 1.1 points.
Source: Ambito
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