The 3rd quarter of 2023 is marked by a slowdown in economic activity, reflected in GDP growth of 2.5% compared to the corresponding quarter in 2022.
On the supply side, although the pace of growth in all sectors was positive, the secondary and tertiary sectors slowed down during this quarter. The primary sector has shown a clear increase in its pace of activity and contributed 0.6 points to growth, while the secondary and tertiary sectors, which are losing momentum, posted contributions of 0.3 points and 1.5 points respectively to growth in the quarter. The good performance of activity in the primary sector is mainly due to the performance of the forestry and logging branch by 6.2% and, to a lesser extent, by the maintenance of the pace of activity in the industrial and export agriculture branch by 3.5%.
