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    Economic activity continues to show improvement

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    by TCRN Staff

    The Central Bank announced this week that the Monthly Index of Economic Activity (IMAE) rose 7.2% in January this year over the same month of 2009.

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    This was the largest variation (each month over the same month last year) recorded since February 2008.

    This result reinforces the recovery indicator trend since February 2009.

    The IMAE is an indicator that attempts to measure the change in the physical production of goods and services.

    The index base year is 1991 and from there you can measure changes in production.

    In January the index was 241.67, and with this result, economic activity surpassed the level it had in February 2008 when it began to fall.

    Various sources are used in developing this index, including monthly surveys conducted at about 800 companies.

    The data used come from the trend-cycle series, which excludes seasonal and cyclical factors.

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