In this way, the activity managed to barely exceed the level inherited by the Frente de Todos management.
The economy registered its first year-on-year growth in six months in November and the second of the Milei era. In monthly terms, the activity accumulated seven consecutive months without falls.
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The Monthly Economic Activity Estimator (EMAE) showed a slight positive variation of 0.1% versus November 2023. In this way, it managed to position itself just above the level inherited by the management of Alberto Fernández as president and Sergio Massa as Minister of Economy.


The previous increase in the EMAE had been in Maybut on that occasion it had occurred almost exclusively due to the low base of comparison, since it contrasted with May 2023, a critical month due to the drought that the country suffered.
Which were the sectors that drove the annual improvement in November?
The sector that drove the economy the most in the penultimate month of the year was Financial intermediationwith an increase of 9.9% year-on-year. They were followed by the category of energy and mining (+7.1%) and the fishing (+164.6%), the latter with little impact on the INDEC indicator, despite the extraordinary jump in its production.
The other two activities that showed increases compared to a year ago were those related to real estate and with the teaching.
At the other extreme, the constructionhe commerce and industry The three sectors with the most weight in the Gross Domestic Product (GDP) suffered setbacks. While the first two reduced their contractions, the industry maintained an annual decline of 2.3%.
Compared to October 2024, the economy advanced 0.9%, thus marking the second consecutive positive record. At the same time, after hitting a floor in April, the EMAE has been accumulating a slow but sustained rebound; The seasonally adjusted INDEC series showed its maximum since October 2023.
Source: Ambito

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