Haiti – Economy : Negative growth of the ICAE economic index
The Haitian Institute of Statistics and Informatics (IHSI) has just made available its quarterly bulletin devoted to short-term economic statistics for the 3rd quarter (April to June) of the 2019-2020 fiscal year.
The Conjunctural Economic Activity Indicator (ICAE) is evaluated at 136.1 in the 3rd quarter of 2019-2020, against 144.9 in the 3rd quarter of the previous financial year (2018-2019), i.e. a decrease of 6.1% year-on-year.
Summary statistics :
Primary Sector :
The Primary Sector ICAE recorded a negative year-on-year growth of 6.5% mainly caused by the fall of two sub-sectors : agriculture -6.6% and extractive activities -6.0%.
Secondary sector :
The ICAE of the Secondary Sector has shown a significant drop of -10.1% following the induced effects of Covid-19 on all branches of the sector.
The index of the branch of manufacturing industries, during this period decreased by 10.3% year on year; construction -6.98% and the electricity and water branch contracted -29.5% year-on-year mainly caused by the Electricity Production and Distribution branch -30% and that of water and water q -26.1%.
Tertiary sector :
The Tertiary Sector achieved negative annual growth of -4.6%, unlike the increase of + 0.9% obtained for the same period of the previous year. Apart from Financial Intermediation Services, Other Merchant Services (+ 0.4%) and Non-Merchant Services (+ 5.1%) which increased, all other components contributed to the decline observed in this sector for the quarter analyzed : Trade -7.3 %; Hotel restaurant: -15.9%; Transport and communication -3.6%; Financial institutions: -4.8%
Download the full bulletin (PDF) : https://www.haitilibre.com/docs/BULLETIN_3ETRIMESTRE2020_ICAE.pdf