More specifically, there has been a rise in the export of agricultural products, especially fruits, and the export of industrial products.
Domestic demand has also increased of 1,3 percent, due to higher household consumption.
According to Emol, households have increased their spendings in services and non-durable goods. To a lesser extent, higher government spending also had its role to play in boosting domestic demand.
However, the consumption of durable goods has shrunk and very little has been spent on machinery and equipment, leading to a lower gross fixed capital formation.
Therefore, despite higher consumption and government spending, investment has decreased of 1,7 percent.