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Economic activity fell by 6.5% in November



According to the expert prepared by Orlando Ferreres, the economic activity in November made 6.5% in November, compared to the same period of 2017, the worst year and The 10% delay was 10% in ten months. Similarly, seasonally adjusted measures show a month-on-month drop in activity of 1.2%, compared to October, indicating the report.

"In November, GDP has had the worst year of the yearyear-to-year decrease of 6.5%. Eighteen months later, it had to depend on industry dynamics and a segment of activity under 9%, "said the consultant, highlighting the contraction of the trade sector (10.8% in November 2017), which led to a drop in the wholesale branch.

du Construction was negative for the third consecutive time, which fell by 5.3% compared to the same month of 2017. Agricultural and livestock products, after the first nine months of the year, had a positive second variation, registering a year-on-year rise of 1.5% in November.

In detail, Agriculture rose by 3%, driven by the improvement planned for the wheat campaign, and a year-on-year positive variation of livestock activity of 0.1% per year, according to the report. Thus, after eleven months, the sector is 13.9%. The Electricity, Gas and Water sector experienced a 1% drop in its activity; Consequently, for the third time in a row, they are negative numbers.

During the month of November Electric energy demand% year-on-year, lower demand for large-scale users who buy directly on retail electrical markets, dropping by 8% annually. Commercial activities accounted for 10.8% in November, compared to the same month of 2017, the worst was the seventh anniversary.

In particular, retail trade fell by 5.3%, while wholesalers fell by 16.3%, due to the contraction of imports. Industrial production registered a 9.5% year-on-year November rate in November, together with September.


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