(2021-03) Economic Activity Indicator (ICAE) Bulletin, Q2 (Jan–Mar) FY2020-2021
Summary — This report from IHSI analyzes Haiti's Economic Activity Conjunctural Indicator (ICAE) for the second quarter of the 2020-2021 fiscal year (January-March). It reveals a modest 0.9% annual growth in the global ICAE, driven by varied performances across primary, secondary, and tertiary sectors. While the primary sector regressed, secondary and tertiary sectors experienced slight increases.
Key Findings
- Haiti's Global Economic Activity Conjunctural Indicator (ICAE) showed a modest 0.9% annual growth in Q2 2020-2021, reaching 134.4, reversing a previous year's decline.
- The primary sector experienced a significant annual regression of 4.7% in Q2 2020-2021, primarily due to declines in agriculture (-4.5%) and extractive activities (-11.6%).
- The secondary sector recorded a 0.7% annual growth, with manufacturing (+3.3%) and electricity/water (+2.6%) offsetting a 6.6% contraction in construction.
- The tertiary sector demonstrated robust annual growth of 2.7%, with all its sub-branches contributing positively, including financial institutions (+5.4%) and transport/communications (+3.4%).
- Cumulatively, from October 2020 to March 2021, the overall ICAE-Haiti grew by 1.1%, indicating a slight recovery over the first two quarters of the fiscal year.
Full Description
The Haitian Institute of Statistics and Informatics (IHSI) presents its quarterly bulletin on the Economic Activity Conjunctural Indicator (ICAE) for the second quarter of the 2020-2021 fiscal year, covering January to March. The global ICAE showed a modest annual growth of 0.9%, reaching 134.4, contrasting with a 3.2% decline in the previous year. This overall growth is a result of differentiated performances across the three main economic sectors: the primary sector regressed by 4.7% annually, while the secondary and tertiary sectors experienced slight increases of 0.7% and 2.7% respectively.
Cumulatively, from October to March, the ICAE-Haiti grew by 1.1%. The primary sector's decline was mainly due to agriculture (-4.5%) and extractive activities (-11.6%). In the secondary sector, manufacturing (+3.3%) and electricity/water (+2.6%) saw growth, offsetting a 6.6% regression in construction. The tertiary sector's positive trend was broad-based, with financial institutions (+5.4%), transport and communications (+3.4%), and commerce (+1.9%) all contributing to its expansion.