"The growth projection of 1.5% for the first quarter of this year is maintained," BCR Economic Studies Central Manager Adrian Armas expressed.
He indicated that electricity production (without mining) each time registered a smaller fall during 2020 considering that in March of that year it decreased 11%, followed by -26.8% (April), -23.8% (May), -12.6% (June), -6.4% (July), -3.2% (August), -2.3% (September), -0.9% (October), -0.7% (November), and -0.6% (December).
In January 2021, it fell 1.6%, followed by -6.9% (February). However, it grew 12.5% in March.
"What we see in the electricity indicator, excluding mining, is that the inter-annual growth rate in March shows a growth of 12.5%. But we also witness that it is slightly above the pre-pandemic level," he said.
Furthermore, Armas recalled that in 2020 domestic cement consumption
registered falls of -50.9% (March), followed by -98.2% (April), -64.9% (May), -30.7% (June), and -4.1% (July). Nonetheless, it registered positive figures: 1.7% (August), 10% (September), 19.1% (October), 18.7% (November), and 21.5% (December).