Queretaro, Qro. The state economy grew 9.3% of January to September 2021, compared to the same period of the previous year, a performance that was mainly supported by the manufacturing industry, reveals the Quarterly Indicator of State Economic Activity (ITAEE), of the National Institute of Statistics and Geography (inegi).
The growth that the state economy in the first three quarters of the year was the product of the 0.7% drop that occurred in the first quarter, as well as the 24.5% advance in the second period and the 7% growth in the third quarter.
During the first nine months of the year, secondary activities –with sectors dedicated to mining industry, manufactures, construction Y electricity– had the highest annual growth, 15% compared to the same period in 2020.
Next, the tertiary activities -which includes the Commerce, services, among other branches – also grew, but showed a more moderate variation, of 6.3% in annual terms.
However, the primary activities –which include the farming, animal husbandry and exploitation, forest exploitation, fishing and hunting– decreased 4.7% compared to the same period of the previous year, being the only productive branch that did not grow in that period.
However, secondary activities recorded the greatest contribution to the evolution of the local economy: in the period January-September they contributed 5.7 percentage points to state growth (which was 9.3%); Tertiary activities followed, contributing 3.7 percentage points, and primary activities did not contribute (-0.1 percentage points).
The annual growth accumulated by secondary activities in the first nine months of the year derived from the annual advance of 2.9% in the first quarter, 41.8% in the second and 7.9% in the third.
Regarding tertiary activities, the growth from January to September was the result of the 7.3% decrease in the first quarter, as well as the 16.4% growth in the second period and 7.1% in the third.
However, the annual drop in primary activities, in the first nine months, was the result of three consecutive quarters in which they decreased: -4.7% in the first quarter, -3.5% in the second and -6% in the third.
Particularly in the third quarter of 2021, the state economy grew 7% compared to the same period of the previous year. In the Tthird quarter of the year, primary activities fell 6% annually, a variation that placed the state in 28th place among the 32 entities.
Secondary activities advanced 7.9% in annual terms, with which they were located in eleventh national position. While tertiary activities grew 7.1% compared to the same quarter of the previous year, ranking ninth nationally.