The National Administrative Department of Statistics (Dane) published the figures of the Economy Monitoring Indicator (ISE) for the month of April, and The entity reported that in the fourth month of the year there was a 12.0% growth in the country’s economic activity in its original series, compared to April 2021.
(Trade deficit reached US$4,801.9 million in the first quarter).
According to the director of the Dane, Juan Daniel Oviedo, three branches of economic activity explained more than two thirds of the growth in April, being the most dynamic that of trade, transportation, accommodation and food services with a contribution of 4.7 percentage points (pps) to the variation, a situation that according to the head of the statistical entity is related to the dynamics of tourism as a result of the Holy Week.
This is followed by the public administration, health and education sector, which contributed 2.1 pps, in part due to payroll adjustments in public sector entities and hiring of the Registrar due to the electoral period, while in the health sector , according to Oviedo, highlights the private sector’s resumption of some treatments that were left behind by the health emergency.
Finally, the manufacturing industries contributed 1.4 pps, due to the dynamics of some sectors such as the manufacture of beverages or plastics. Together, the three sectors contributed 8.3 pps to the total variation of the ISE in April.
The Dane also reported that in its series adjusted for seasonal and calendar effects, the growth of the ISE was 11.8% in April, slightly lower.
(The risks facing the country’s financial system).
Regarding the reactivation index of the Colombian economy, which is compared to February 2020, month in which an indicator of 100 is established, in April 2022 it registered a dynamic of 109.1 points, which implies that the added value of the economy is 9.1% higher than it was before the pandemic.
On the other hand, the growth of the indicator compared to the month of March was 1.8%. “Mom growth picks up significantly from the 0.2% we had seen in March, manifesting as 1.8% mom growth when comparing value added between April 2022 and March 2022”Oviedo said.
BRIEFCASE
