According to a Central Bank report, the economic activity index (IMAE) fell for the sixth consecutive month, some 6.2% with respect to the same period in 2008.
Patricia Leitón wrote in La Nación website: "The IMAE estimates the variation in the physical quantity of goods and services produced by businesses and individuals within the country every month. To elaborate, the Central Bank surveys nearly 800 companies, among other sources."
In the month of April, IMAE reported a drop of 4.9%, which reflects less deceleration than that observed in the months of February and March.
With the data from the month of April, there has now been seven months of negative growth.
Édgar Delgado in his article in Elfinancierocr.com writes: "Upon reviewing the figures from the economic sector, it is observed that the fall continues to be significant for hotels (-21.1%), the manufacturing industry (-13.6%), agriculture (-6.6%), construction (-5.8%), commerce (-5.5%) and electricity and water (-3.1%)."
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