The economy grew 11.4% year-on-year in March

Economic activity increased by a substantial 11.4% year-on-year in March, while the accumulated in the first quarter generated a rise of 2.4%. The Monthly Estimator of Economic Activity (EMAE) recorded in March the first year-on-year rise since August 2019 and the largest since July 2010. It showed, however, a slight drop of 0.2% in the seasonally adjusted measurement concerning February.