“The slowdown is clear and it is likely that a contraction will be recorded during June, with which the question of when pre-pandemic levels will be reached grows,” the Monex Financial Group said in a statement.
Although manufacturing and the generation, transmission and distribution of electricity, water and gas advanced 0.2% and 1.7%, respectively, the construction and mining sectors had monthly reductions of 0.6 and 0.7%.
With these results, the IMAI presents an annual growth of 3.1%, where the greatest progress is found in manufacturing, with an annual increase of 5.6%.
“The figures published today entail a slight negative revision of the result for the month of April from +0.55% to +0.53%, so the outlook for the second quarter could be weakened, although we continue to expect that the momentum in services will be sufficient to obtain an advance of the GDP close to 0.80% quarterly”, indicated Monex.
In the last 12 months, manufacturing has grown on average 0.36% per month. In the interior, the manufacture of transportation equipment grew 0.56% monthly and 7.01% annually, which is a sign that the subsector is regaining dynamism. However, it continues to show a lag of 10.73% compared to February 2020, the Base Bank indicated.
