Economic activity recorded a growth of 1,6% at the end of November - .::Agencia IP::.

The Monthly Economic Activity Indicator of Paraguay (Imaep) from the Central Bank of Paraguay (BCP) recorded a growth of 1.6% in November compared to the same month of the previous year. With this result, the cumulative variation up to November reached 5.1%.

Livestock farming experienced a positive year-on-year performance, mainly explained by the higher level of cattle slaughter. Photo: Courtesy.

Asunción, Agencia IP.- The Monthly Economic Activity Indicator of Paraguay (Imaep) from the Central Bank of Paraguay (BCP) recorded a growth of 1,6% in November compared to the same month of the previous year. With this result, the cumulative variation up to November reached 5,1%.

Favorable performances influenced the year-on-year growth in services, manufacturing, and livestock. However, the negative year-on-year results in construction, electricity generation, and agriculture attenuated the favorable performance of economic activity.

In services, positive year-on-year performances were observed in household services, business services, financial intermediation, trade, restaurants and hotels, real estate services, and transportation. However, government services, telecommunications, and information services showed negative year-on-year results.