Compared to May, the Monthly Estimator of Economic Activity (EMAE) marked a decrease of 0.2%.
He level of economic activity fell 4.4% in June, in relation to the same month last year. In that manner, he recorded his third straight knockdown. Said decline was mainly due to the sharp drop in performance of the Agriculture, livestock, hunting and forestry sectoraffected by the drought. The data emerged from the report presented this Wednesday by the National Institute of Statistics and Censuses (Indec).
In June, moreover, the Monthly Estimator of Economic Activity (EMAE) marked a decrease of 0.2% compared to maywith which he accumulated a drop of 1.9% during the first semester of the year.
“The EMAE aims to a GDP contraction of 4.79% y/y for him second quarter of 2023a lot lower than the observed growth of +6.8% during the same period of 2022″they stated in a report by balance.
What were the sectors that fell the most and advanced in June?
The higher casualties they signed up for Agriculture and Livestockwith a setback of 40.4% strongly affected by the drought; followed by the consumption of water, electricity and gaswith a decrease of 7%; -3.6% in it manufacturing sector; -3% in Transport and comunication; and -1.2% in the financial intermediation.
Meanwhile, they showed hikes of the 7.9% the sectors Exploration of Mines and Quarriesdriven by Dead cow and the activity in lithiumin the Argentine north; 8.8% in the field Hotels and gastronomystrongly driven by the winter tourism; 3.1% in Fishing; 2.1% in Real estate activities; 1.8% in Construction; 1.6% in Wholesale and retail trade.
Source: Ambito
