In March 2022, the Economic Monitoring Indicator (ISE) registered an annual growth of 7.6%.
The National Administrative Service of Statistics (DANE) made the announcement, where it reported month-on-month growth of 0.0%.
DANE’s director, Juan Daniel Oviedo, indicated that trade, maintenance, transportation, storage, accommodation and foodservice was the sector that contributed the most to the ISE contribution at 2.36 percentage points.
The manufacturing sector also contributed positively at 1.27 percentage points, while the artistic, entertainment and leisure and other service sectors contributed 1.10 percentage points, giving a total of 4.7 percentage points for the final variation .
If we compare the March 2022 results with the pre-pandemic benchmark (February 2019), the increase is 6.9%.
On the other hand, primary activities such as agriculture and mining declined by 5.5% compared to the same month in 2021, subtracting 0.7 percentage points from the annual variation of the ISE.
Tertiary services on the services side grew by 10.1% in year-over-year variation, contributing 7 percentage points. It should be noted that the intermonth variation was 0.3%.
Source: El heraldo
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
