This Tuesday the INDEC reported that the Industrial Production Index (IPI) advanced 2.2% monthly. As a result, the desestationalized series of the referential presented its highest figure since December 2024.
In annual terms, the IPI increased by 5.8%. Thus, in the accumulated of the first five months of the year, the sector produced 6.6% more than in the same period of 2024.
“May confirmed the positive trend of industrial activitywith improvements both in the monthly and interannual comparison that consolidates a good first semester for the manufacturing sector, “they said from the Center for Political and Economic Studies (CEPEC).
However, it is worth remembering the Low comparison basesince in the first months of the Government of Javier Milei the economy deepened its recession, which in April last year touched a floor.
Compared to 2023, the industrial activity of this last May was almost 9% lower.
WARNING FOR THE IMPACT OF COMMERCIAL OPENING IN THE INDUSTRY
Juan Manuel BalestroSecretary of Institutional Linking of the National Technological University (UTN), He showed concern about the “indiscriminate” commercial openness. “When imported products compete unequally with national goods, the capacity of the local productive apparatus to grow, invest and generate quality employment is eroded. There is no real and sustainable possibility of economic development without a solid and sustained process of industrialization,” he said.
On this subject, A recent Fundar report warned that “more than 430,000 people can be unemployed in industries such as textile-indumerary, footwear, wood and electronics because of this commercial opening without any strategy”. As an alternative, the institution argues that for the opening to be promoted by sustainable development, a less appreciated exchange rate, industrial policies that foster innovation and exports, and the construction of a network of protection to sectors workers who cannot compete with foreigners’ products must be accompanied.
Source: Ambito
