He Ceres Leading Index (ILC) went up a 0.3% in the month of April, announced the institution, which represents the fourth consecutive increase, maintaining the growth prospects of the Uruguayan GDP for this year.
This percentage equaled that of February and exceeded that of March, which was 0.2%. From the center they were positive with the new indicator that consolidates the positive trend of economic activity in the first four months of the year, unlike what happened in the second half of 2022.
To calculate if the Leading Index, the Center for the Study of Economic and Social Reality uses a set of variables that take into account the internal panorama and the international context, which tend to change direction before the country does. Gross Domestic Product (GDP).
Meanwhile, the Diffusion Index (ID) April was 80%, which is a very positive difference in relation to the month of March, which was 50%, reported Ceres. This indicator considers the proportion of ILC variables with positive rates.
The Leading Index by sectors
The sectors of economic activity linked to the agro-export complex showed a seasonally adjusted decrease in the last measurement of Ceres, which would correspond to the effects of drought.
In it meat sectoran improvement of 5.3% in March compared to February for exports, but compared to the same month in 2022 the fall was 4.8%. Meanwhile, cattle slaughter also had a drop of 11.4% between February and March (seasonally adjusted), and a drop of 18.7% if compared to the same month last year.
He milk sector had at least some good news with a monthly rise of 5.7% in relation to referrals to the plants, but a drop of 4.3% per year and 6.7% less also in the comparison of the first quarter of this year with the one from last year.
What refers to the exportsapplications between April and March had a seasonally adjusted decrease of 18.5% and an annual drop of 25.6% Respect to the same month of previously year. On the other hand, if it is compared with the first quarter of last year, it also had a drop of 12.2%.
The importsfor their part, had a smaller impact on consumer goods with a difference between March and February 1.7% but an increase of 17.1% if it is compared with the month of March of the year 2022, something that would also respond to the effects of the drought. Regarding capital goods, it had a drop of 4.1% if March is compared with February and an annual increase of 14.1%.
Source: Ambito
