Regarding prospects, the report does not indicate forecasts of improvements for the coming months.
The investment suffered a year-on-year drop of 14.5% in January. This measurement was carried out in terms of physical volume. In the measurement in dollarsit is estimated a investment of US$5,519 million monthly.
The information comes from the report of Monthly Gross Domestic Intervention (IBIM) published by the Orlando J. Ferreres and Associates Center for Economic Studies. “Investment started the year at a very low levelwith economic agents showing cautious in the context of adjustment and economic contraction”, they concluded based on what was revealed.
From the study center they also indicated that The drop registered in January was not as important as that of December in the import of capital goodsthe level of investment still low.
As for the perspectives, They did not anticipate improvements for the coming months. According to them, the internal consumption will remain depressedhe public spending will follow restricted to the maximum and the activity will continue to be contractive. “Newly mid-year we could begin to see a change in trend in the activity and investment levelscontingent to for the government to show results in the control of the inflation And in the fiscal and monetary variables“, they stated.
Drop in investment: which items were the most affected
- Machinery and equipment: the investment in machinery and equipment registered for the first month of the year a contraction of 11.5%. In detail, the imported equipment registered a decrease of 12.5%a figure significantly lower than the December crash. While those of national origin fell 10%.
- Construction: In relation to this sector, it was recorded that in January the investment suffered a contraction of 16.8% annuallymarking a acceleration compared to the falls in November and Decemberand registering the biggest drop since August 2020.
Source: Ambito
