Moderate recovery gains traction

The Economic Activity index in February 2019 reached 121.0, a 7% increase in a year over year analysis and conforms the eighth consecutive month in positive terrain after 67 consecutive months of contraction.

January (120.1) and February (121) gave a positive start to natural year 2019, both months grew month over month as year over year.

In February, what caused the increase in the EAI was the total non-farm payroll employment as it had an annual increase of 2.5% and the electric power generation also increased by 24%. The gasoline consumption experienced a 18% annual decrease as well as cement sales with a 4.7% drop.

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