(2022-06) Economic Activity Indicator (ICAE) Bulletin, Q3 (Apr–Jun) FY2021-2022

Institut Haïtien de Statistique et d'Informatique (IHSI) • 2022 • 4 pages

Summary — This report from the Haitian Institute of Statistics and Informatics (IHSI) presents the Conjunctural Economic Activity Indicator (ICAE) for the third quarter of the 2021-2022 fiscal year. It reveals a 2.3% annual decline in the global ICAE, driven by negative performances in the primary and tertiary sectors, despite a slight increase in the secondary sector. The cumulative ICAE for the first nine months of the fiscal year also shows a 1.0% decrease.

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Key Findings

Global ICAE decreased by 2.3% annually in Q3 2021-2022, reaching 129.1.
Primary sector declined by 5.2% due to drops in agriculture and extractive activities.
Secondary sector grew by 1.4%, driven by manufacturing (+4.2%) but hindered by construction (-7.1%).
Tertiary sector saw a 2.6% decrease, with commerce and hospitality contracting significantly.
Financial institutions and non-market services showed positive growth of 5.0% and 4.7% respectively.

Full Description

The Conjunctural Economic Activity Indicator (ICAE) for Haiti registered a 2.3% annual decline in the third quarter (April-June) of the 2021-2022 fiscal year, reaching 129.1 compared to 132.1 in the previous year. This negative trend is primarily attributed to significant contractions in the primary sector (-5.2%) and tertiary sector (-2.6%), which offset a modest 1.4% growth in the secondary sector. Cumulatively, for the first nine months of the fiscal year (October-June), the global ICAE decreased by 1.0%. The primary sector's decline was driven by negative growth in agriculture (-5.2%) and extractive activities (-5.6%). In the secondary sector, manufacturing saw a 4.2% increase, while construction fell by 7.1% and electricity/water by 3.1%. The tertiary sector's downturn was influenced by decreases in commerce (-5.6%), restaurant/hotel (-3.4%), and transport/communications (-1.3%), although financial institutions (+5.0%), other market services (+2.1%), and non-market services (+4.7%) showed positive growth.

Topics

Geography

Time Coverage

2022 — 2022

Keywords

Economic activity, Conjunctural indicator, Haiti economy, Fiscal year 2021-2022, Economic sectors, Agriculture, Manufacturing, Construction, Services, Trade, Finance, Economic growth, Economic decline, Quarterly report, IHSI, ICAE, series:ihsi-icae

Entities

Institut Haïtien de Statistique et d'Informatique (IHSI), Ministère de l'Économie et des Finances (MEF), Banques Commerciales