The
Central Reserve Bank (BCR) on Friday projected that the national economy will perform better than expected in the fourth quarter of the current year, considering the leading indicators of some productive activities.
He indicated that the same pattern is being seen in the fourth quarter.
Favorable leading indicators
Armas said that the leading indicators continued to show improvements at a rate faster than expected. However, they still remain below their levels in the previous year.
Moreover, the BCR official explained that
domestic cement consumption registered falls in March (-51%), April (-98.6%), May (-65.1%), June (-32.7%), and July (-4.5%), but recorded positive indicators in August (1.3%), September (9.7%), October (16.7%), and November (11.3%).
The economist also showed that electricity production gradually registered a smaller decline, considering that it fell in March (-27.4%), April (-30%), May (-25.4%), June (-12.4%), July (-5.9%), August (-2.8%), September (-1.9%), and October (-0.4%). In November, it only fell 0.3%.
(END) CNA/JJN/MVB
Published: 12/11/2020