Economic Activity Index continues to recover in October

Intelligent Economics > Analysis > Economic Activity Index continues to recover in October

The Economic Activity Index stood at 121.4 points in October. The index increased by 2.8% compared to October 2020. On a year over year analysis the EAI in October conforms the eight consecutive month with an increase after decreases for 12 months. Compared to September, the EAI grew by 0.57%. During the Fiscal year 2021, the EAI decreased by 1.7% when compared to the FY 2020. The current fiscal year 2022 from July to October grew by 3.6%.

The EAI is made up of 4 indicators: total payroll, total electric power generation, cement sales and gasoline consumption. The non-farm payroll employment averaged 871,400, a growth of 1.2% with respect to September, and 3.6% annually. Electric Power generation decreased in a m-o-m basis and grew 2.8% annually. The preliminary estimates for gasoline consumption in October showed a surge of 6.3% with respect to September, and an increase of 11% compared to October 2020. Cement sales was 1.2 million 94 lb bags for October, a reduction of 5.5% compared to September, and a decrease of 9.9% with respect to October 2020.

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