Algunas claves para leer mejor los números de actividad económica

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Some keys to better read the numbers of economic activity

Fifth week
January 2019

The assessment of economic activity numbers in 2018 and 2019 requires certain caution due to two aspects. The first is the drought that affected agricultural activity, especially in the second quarter of last year. If we exclude the agricultural sector, the drop in GDP last year was logically somewhat lower. The second aspect is the strong negative carry-over effect left for this year by the important drop of activity which started in the second quarter due to the currency crisis, especially if the agricultural sector is excluded, which began to recover precisely in the third quarter of last year.