According to the consultant Orlando Ferreresthe Economic activity 1.2% monthly was contracted in Marchwhile growing 7.8% year -on -year for what they accumulated for the first quarter of the year a rise of 7.3%. The sectors most affected were the industry although there was also an impact on trade and construction.
“The greatest negative incidence came from the industryalthough the monthly setback of the trade and construction. Anyway, The first quarter manages to close with a positive 0.9% result with respect to the fourth quarter of last yearalways in the series without seasonality, “they explained.
From ORLADO FERREES analyzed that this fall is related to the context of uncertainty which prevailed during March and the first days of April at the local and international level, but forward, stressed that “the situation looks more orderly.”
Thus, in the short term, they explained that “we should see the growth factors as the largest income of families, the increase in productive investment and the slowdown in inflation, promoting the growth of the activity again“
Sector by sector, how was the measurement in March
Agriculture and livestock: During March, the agricultural activity showed an advance of 1.7%, while livestock contracted 0.5%, always in relation to the same month last year. Thus, as a whole, the sector scored a 1.1% advance for the third month, accumulating for the first quarter an improvement of 1.0%.
Manufacturing industry: The manufacturing industry observed for March a rise of 4.1% in the annual comparison, while the de -stationalized measurement showed a 2.3% contraction compared to February. In the annual comparison, the highest growth was provided by sectors linked to construction, partly due to the low comparison base. Thus, basic metallic grew 32.8%, and non -metallic minerals 19.6% year -on -way. The first three months of the year show an advance of 4.5%.
Electricity, gas and water: The public services sector scored during the third month of the year a contraction of 2.6%, closing the first quarter with a decrease of 1.5%. Cammesa reported for March an electric generation of 12,056 GWh, which is 2.7% lower than the net of the same month last year, related to a decrease in demand, mainly in the residential sector, as reported by the wholesale electric administrator.
Mines and quarries: The Mines y Canteras sector registered for March an advance of 4.2% in the annual measurement, accumulating for the first three months an expansion of 6.6%. In detail oil production increased 9.9% while natural gas showed a reduction in the margin of 0.8%, always in the annual measurement.
Source: Ambito
