The industry grew 15.4% in 2021 and broke a three-year losing streak

The industry grew 15.4% in 2021 and broke a three-year losing streak

“The year closed with a year-on-year increase of 15.4%, the first rise after three consecutive years of decline in Industrial production“said the study.

Despite this favorable number, the business center showed concern since there are significant disparities between the different sectors that make up this productive group.

In this sense, the highest percentage of recovery was verified in the automotive sector, which throughout 2020 was practically stopped and in 2021 recovered a large part of its activity: it grew 69% compared to the previous year and 39% compared to the previous year. 2019.

Matías Kulfas: “Industrial recovery was widespread”

The Minister of Productive Development, Matias Kulfasassured last week that “the industrial recovery was generalized and that 14 of 22 manufacturing branches grew in relation to 2019.”

From his Twitter account, the minister highlighted that “the production of agricultural machinery in 2021 was the highest since 1996. Thanks to that, today it has the highest level of employment in 8 years. It is not by chance that productive poles of the sector, such as Las Parejas-Armstrong (Santa Fe) are among the 10 cities that created the most jobs since 2019”.

Likewise, he stressed that “the industrial reactivation was not magic, but the product of more than 150 productive development policies that we have implemented. Several of them have to do with SME financing. The results are visible: 53% of credit today goes to SMEs, historical record”.

Source: Ambito

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