Nine sectors of activity that make up the Monthly Estimator of Economic Activity (EMAE) registered increases in February, while another six sectors showed falls in the year-on-year comparison.
He Monthly Estimator of Economic Activity (EMAE) improved a slight 0.2% year-on-year in Februaryafter improving a revised 3.1% in the first month of the year, said the National Institute of Statistics and Censuses (INDEC).
Analysts estimated, according to a recent survey carried out by the press, a decrease of 1% year-on-year for the EMAE in the second month of 2023.
The monthly estimator of the activity remained balanced in the seasonally adjusted measurement with respect to January, the statistics agency added.
In relation to the same month of 2022, nine sectors of activity that make up the EMAE registered increases in February, among which the most notable are Mining and quarrying (+11.1% yoy) and Hotels and restaurants (+8.6% yoy).
In turn, the Mining and quarrying sector (+11.1% yoy) was the one with the greatest positive impact on the interannual variation of the EMAE, followed by Real estate, business and rental activities (+2.1% yoy).
For their part, 6 sectors of activity registered falls in the year-on-year comparison, with Fishing (-20% yoy) at the top of the record. These sectors subtracted 0.5 percentage points from the interannual variation of the EMAE.
The EMAE is considered a key indicator since it anticipates the trajectory of GDP.
Source: Ambito
