This development would have been favored in the case of the 19.1% of value added to agriculture and the 2.9% increase in non-agricultural activities, explains the HCP in the connection point for 4Q-2021 and the outlook for Q1. -2022.

The tertiary branches would have contributed 1.5 points to the evolution of international products (GDP), driven by the good orientation of commercial activities and public services, indicated the same source. The growth of secondary activities would have slowed, bringing their contribution to GDP growth to 0.8 points.

It is said that industrial value added grew by 2.4%, after 4% in the previous quarter. For others, the HCP is based on construction activities that recorded an increase of 6.7%, instead of +17.6% a quarter earlier. Mining added value would have fallen by 4.4% in Q4-2021, year-on-year, after registering an increase of 5.5% a quarter earlier.

This evolution is explained by the slowdown in non-metallic mineral extraction activities, in a context of renewed productive cooperation and marked improvement in sales prices. Electrical activity would have increased, in part, from 3.6% to + 3.8% a quarter earlier, disqualified by the case of the electrical production of the National Office of Electricity and Drinking Water (ONEE) and that of the units based on energy renewable. Agricultural activities would have continued to support global economic growth in the fourth quarter of 2020, with an improvement of 19.1%, in annual terms, instead of + 17.7% per quarter, specifies the HCP, relevant that this strengthening is through of an expansion in the quantities of exports of tomatoes, legumes and fresh fruits. The improvement in agricultural growth would have also been attributable to the control of production in the animal sectors, particularly poultry, supported by the increase of more than 20% in the quantities of broiler meat and compensation at the slaughterhouse level.

Source: LaVieEco