According to the Economic Monitoring Index developed by the National Administrative Department of Statistics (DANE), The Colombian economy grew by 12% in April 2022 compared to the same period in 2021.
The director of DANE, Juan Daniel Oviedo, assured that the sectors that contributed the most to the behavior were commerce, transportation, lodging and food services, followed by public administration, defense, education and health, contributing more than half of the growth seen in the fourth month of this year.
“Historically this annual growth of 12% brings us back to September 2021 and therefore constitutes the best annual growth that we have seen during the last seven months of the path of reactivation of the economy”, he specified.
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He also said that “growth also it is confirmed by the inter-monthly indicator that takes us to the second highest, after that local maximum that occurred in September of last year when the inter-monthly impulse of the economy between August and September was 3.9%”.
Next, the official stated that “in his series adjusted for seasonal and calendar effect, for April 2022 the index grows 1.8% compared to March 2022when it registered a monthly growth of 0.2%”.
The official indicated that “as indicated, by April 2022 in its original series, the primary, secondary and tertiary activities, present an annual variation of -2.0%, 11.9% and 14.4%, respectively”.
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“However, in the series adjusted for seasonal and calendar effect, compared to the levels registered in February 2020, last month without the effects of the measures associated with the pandemic, primary activities are 5.2 percentage points belowwhile secondary and tertiary activities exceed the levels reached in that month, with 10.0 and 11.2 points higher, respectively”, he assured.
Finally, the director of DANE pointed out that “in April we had a contraction of -2% per year that coincides with the agricultural activities, exploitation of mines and quarries due to the higher costs of fertilizers and inputs such as concentrates for meals and that led to setbacks in the production of both agricultural products such as coffee and livestock products such as cattle. They were also affected by the rains.
