According to the central bank, economic activity “increased once more, continuing the upward trend observed since the fourth quarter of 2016”. The relevant index in September was up 3.9 percent from the same month of last year, whereas in August it had been up 3.8 percent.
According to the bank’s historical data series, September’s year-on-year increase is the largest since January 2000.
The year-on-year rate of change in the coincident indicator for private consumption, meanwhile, slowed to 2.6 percent in September from 2.8 percent in August.
The bank’s coincident indicators are composite indexes that seek to capture underlying trends in the year-on-year change in the relevant macroeconomic category.