Thursday, February 23, 2023 | 7:58 p.m.
Economic activity as a whole grew 5.2% last year compared to 2021, the National Institute of Statistics and Censuses (Indec) reported this Thursday.
This result was obtained after, in December, the Monthly Estimator of Economic Activity showed a drop of 1.2% year-on-year (yoy), and -1% in relation to November.
In 2020, in the midst of the first wave of the coronavirus pandemic, the level of activity registered a retraction of 10%, after which -in 2021- the economy marked a recovery of 10.3%. For 2023, the Government projects growth of 2%.
In relation to the same month of 2021, ten of the activity sectors that make up the EMAE registered increases in December, among which were Fishing (+15.5% yoy), Hotels and restaurants (+10.8% yoy) and Mining and quarrying (+10.8% yoy).
In turn, the Mining and quarrying sector (+10.8% yoy) had the greatest positive impact on the year-on-year variation, followed by Real estate, business and rental activities (+2.3% yoy) and Hotels and restaurants (+10.8% yoy).
On the contrary, the Agriculture, livestock, hunting and forestry sector (-18.0% yoy) was the one that registered the greatest drop in the interannual comparison; followed by Manufacturing industry (-2.1% yoy); and Wholesale, retail and repair trade (-1.1% yoy).
In 2022, industrial production accumulated growth of 4.3%, after closing December with a decrease of 2.7% compared to the same month in 2021.
Something similar happened with construction, which accumulated an increase of 3.5% throughout 2022, while in the last month it marked a drop of 10.6% year-on-year.
The agricultural sector was also one of those that explained the growth with exports of US$ 49,581 million, 8.5% more than in 2021, according to a report by the Ministry of Agriculture, Livestock and Fisheries.
Among the outstanding data of the report released this Thursday by INDEC, in December the Monthly Estimator of Economic Activity (EMAE) marked a fall of 1.2% in the interannual comparison, and a decrease of 1.0% compared to November .
In this way, the last month of 2022 was the fourth consecutive month with negative numbers compared to the previous period: September, -0.1%; October 1%; November, 0.7%; and December, -1%.
In 2021, after the severe stoppage caused by the coronavirus pandemic in 2020, the level of economic activity accumulated growth of 10.3%.
In December, in relation to the same month of 2020, thirteen of the fifteen sectors that make up the EMAE registered increases, among which stood out Hotels and restaurants (+43.5%); Transport and communications (+16.9%); Exploitation of mines and quarries (+16.8%); Agriculture (+9.9%); Manufacturing industry (+9.9%) and Commerce (+5.6%).
For its part, Financial intermediation remained practically unchanged compared to December 2020, while Fishing marked a contraction of 4.7%.
