Coincident indicator rises

Power production falls by ten percent

The coincident indicator, a monthly estimate of the performance of the economy, stood at 273.9 at the end of the first quarter of 2013, up by 3.4 percent year-on-year (y-o-y).

The coincident indicator, composed by the Central Bank, comprises eight economic indicators that include electricity production, cement deliveries, cleared checks, money supply M3, passengers’ flows, imports of petroleum derivatives, and imports and exports.

Electricity production decreased by ten percent y-o-y to 2,659 million kWh. Cement deliveries rose by 13 percent to 1.12 million tons. Construction permits fell by 21 percent in the first quarter to 2.8 million square meters.

The value of cleared checks in foreign currency fell by two percent to $13.7 billion. The value of cleared checks in domestic currency rose by five percent to $3.8 billion.

The number of arriving passengers increased by six percent to 631,500.

Imports fell by eight percent to $5.5 billion. Exports rose by three percent to $1.2 billion. Imports of petroleum derivatives stood at 1,553,428 metric tons, almost unchanged y-o-y.