For the government, industry grew 1.9% in November / Web
After four months of decline in industrial activity, production picked up in November, according to an official report from the Ministry of Economy, headed by Sergio Massa. After the political crisis in July, the Government is excited that the drop in public spending can be accompanied by an improvement in activity. From the business sector they alert that the shortage of dollars impacts the lack of inputs, and they view with concern that despite exports with a historical record, the trade surplus is at the lowest level in four years.
The Argentine Industrial Union (UIA) published its report for the month of October, which shows that industrial activity had a year-on-year rise of 6.1%, and a drop of 0.9% compared to the previous month (without seasonality). . “It is the fourth consecutive monthly drop”, says the work of the study center (CEU) of the UIA. In the accumulated of the first 10 months of the year, the industry accumulates a rise of 7.8%.
Meanwhile, the report on the productive panorama carried out by the Center for Production Studies (CEP XXI), which depends on the Economy, with data for November, was published. With an advanced index of activity that they prepare, taking energy consumption on the basis of Cammesa, they observed that in November industrial activity grew 1.9% year-on-year, and 1.2% month-on-month, thus reversing months where falls were observed in measurements without seasonality. In the accumulated January-November, the industry is 5.3% above the previous year, and 12% against 2019.
Based on INDEC’s third quarter economic activity report, CEP XXI observed that the industry grew 6.4% compared to the same period of the previous year and highlighted that “it was at the highest level since the fourth quarter of 2015, without seasonality.
In addition, he analyzed the performance by industrial branch, in which it is observed that three sectors are at record levels since 2004: food and beverages, chemicals and non-metallic minerals. The leather and footwear and paper sectors are at their highest since the second quarter of 2011, reveals the report.
