Economic activity grew 0.7% in August compared to July and 5.5% year -on -year, driven by commerce, industry and mining. However, the scenario remains conditioned by political uncertainty and exchange.
After several months of stagnation and some setbacks from the second quarter, the economy showed recovery signs in August. According to a recent survey, the level of activity 0.7% grew in the endless measurement compared to July and registered one year -on -year rise in 5.5%the best data in months.
The data arise from General Activity Index (IGA) elaborated by the Orlando J. Ferreres & Asociados studio. In the accumulated of the first eight months of the year, economic activity shows an advance of the 5.8% compared to the same period of 2024driven by financial intermediation, wholesale trade, manufacturing industry and mining activity.
“The growth of August is an improvement with respect to the previous month and was traced by financial intermediation, wholesale trade, the manufacturing industry and mines and quarries,” said the OJF report.
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Outstanding sectors
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Agriculture and livestock: Registered a fall of 2.2%year-on-year in August, with casualties both in agricultural production (-2.1%) and in livestock (-2.3%). So far this year accumulates a decline of 2.3%.
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Manufacturing industry: He scored an annual advance of 1.7% and accumulates an improvement of 2.5% in 2025. In unstacted terms, the rebound was 1.1% after the falls of June and July, thanks to the greater dynamism of oil and automotive production.
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Electricity, gas and water: 4.7% year -on -year fell in August and accumulates a decrease of 3.0% so far this year, largely due to the lowest residential energy demand.
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Mines and quarries: It remains one of the most dynamic sectors, with an annual growth of 4.9% in August and an accumulated expansion of 8% in the first eight months, driven by oil production.
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Despite the good data of August, the study warns The forward panorama is still challenging. “The exchange tensions and the government’s political transpiés increased the uncertainty about the economic march. Although the explicit support of the United States helped to calm the markets, the evolution of the activity seems tied to the election result of October,” the report says.
INDEC himself had reported that in July 11 of the 15 sectors measured by EMAE showed year -on -year riseswith special highlight for financial intermediation (+23.2%) and the exploitation of mines and quarries (+13.4%).
Source: Ambito
