The performances of the Food and Beverages (+4.4% annual), Clothing (+28.6%) and Automotive (+29.6%) categories also had an important impact. The only division that suffered a contraction compared to a year ago was Oil Refining.
With these numbers, in the first two months of the year the industry accumulated a growth of 3.9% against the same period of 2021.
In monthly terms, the sector rebounded 4%. It is worth remembering that in January the biggest drop in nine months had been verified due to several specific issues that affected the activity in the factories, such as the new wave of Covid-19, technical stoppages for vacations, and climatic factors.
Thus, in February the seasonally adjusted Industrial Production Index (IPI) was 9.5% above pre-pandemic level Y returned to close to the levels of the end of 2021, equivalent to those of the beginning of 2018prior to the outbreak of the exchange crisis during the government of Mauricio Macri.
DEVELOPING NEWS.-
Source: Ambito
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