The activity of the Buenos Aires manufacturing industry grew 9.9% year-on-year in November

The activity of the Buenos Aires manufacturing industry grew 9.9% year-on-year in November

Based on these numbers, the Minister of Treasury and Finance, Pablo López, assured that “the Province’s industry reaffirms its growth month by month: November 2021 was the sixth consecutive month in which it operated above price levels. pandemic”.

“Nine of the eleven industrial blocks surveyed presented positive year-on-year variations compared to the equivalent levels of 2019, highlighting the strong reactivation of the automotive industry (+52.9% vs. 2019), which is a fundamental enclave in the Buenos Aires economy”, he added.

In this sense, the provincial official stressed that “In turn, the national data shows that the Buenos Aires industry is strongly driving the Argentine industry. The powerful reactivation of industrial activity during 2021 lays solid foundations to consolidate and deepen growth in 2022”he asserted.

The objective of the ISIM is to have a monthly indicator that allows observing the behavior of provincial industrial activity, and is constituted by monitoring and estimating the so-called Industrial Blocks, made up of groups of industrial activities with common characteristics, through monthly estimates. on the provincial manufacturing sector based on information from the Monthly Industrial Survey carried out by INDEC and data obtained from own surveys carried out by said Directorate.

Source: Ambito

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