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[Economics] The economy grew 5.85% in January, driven by financial and artistic activities


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Primary activities, on the other hand, only grew 0.56% annually in January. And they decreased 1.18% if compared to December

 

In January, the Indicator for Monitoring the Economy (ISE) stood at 115.10, which meant a growth of 5.85% compared to the same month in 2022, when it was at 108.74.

 

Despite the projections of economic slowdown for this year, the growth of the economy compared to December 2022 was 2.57%, in the series adjusted for seasonal effects.

 

Primary activities, which include agriculture, livestock, hunting, forestry and fishing, and mining and quarrying, grew 0.56% annually. But they decreased 1.18% compared to the immediately previous month.

 

On the other hand, secondary activities, which include manufacturing and construction, grew 2.68% annually and 2.15% compared to December last year.

 

The tertiary group grew 7.46% annually in January and 1.31% month-on-month. In this group are the supply of public services, wholesale and retail trade, information and communications, financial and insurance activities, real estate activities, among others.

 

Within this group, the ones that grew the most were financial and insurance activities, with an annual increase of more than 64%, according to Dane figures.

 

It was followed by the public administration and defense group; artistic, entertainment and recreation activities and other service activities, which grew 6.8% annually in January.

 

 

 

https://www.larepublica.co/economia/la-economia-crecio-5-85-en-enero-impulsada-por-actividades-financieras-y-artisticas-3571375

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