Investment does not recover: it dropped 15% in October

In addition, investment accounted for 20.3% of GDP measured in constant prices and in dollars, to reach 6 780 million euros, according to the indicator prepared by the Center for Economic Studies of Africa. Orlando Ferreres.

"After the sharp fall in investment in September, October continued to show very negative results, albeit smaller than those of last month", explained the company. "After the sharp fall in investment in September, October continued to show very negative results, although lower than those of last month," the company said.

With regard to the outlook for the coming months, he stated that "The relative stability of the currencies brought by the government's new monetary policy, combined with a decline in benchmark rates and a reduction in inflation expectations, suggests that the worst of the crisis has already pbaded and that Investment will come back slowly to recover over the next year. "

Machinery and equipment, after the collapse observed in this section in September (31.5% per annum), in October, the register registered a slight deceleration in the fall, with a contraction of 25%.

In detail, investment in domestically produced durable equipment fell by 21%, while imported investment fell by 27.8% compared to the same month last year.

The machinery and equipment sector posted a bad result in October with commercial vehicle patents, down more than 60%, and light commercial vehicles, 41.7% a year.

Investment in construction repeated the poor performance of the previous month, noting in this case a drop of 3.7% over the same month of the previous year.

In this way, the section unbalanced virtually all the growth recorded in the first third of the year, accumulating for the first ten months an increase of only 1.7% over one year.