Thus, the gradual normalization of economic activity is allowing greater homogeneity in the sectoral rates of recovery, which until now had been taking place in a way that was too uneven.
“The increase in circulation is directly impacting the activities most affected by the pandemic, such as gastronomy, tourism, recreational and cultural services, passenger transport and certain segments of the retail trade (particularly that of clothing and footwear, with a greater presence in shopping centers) ”, explained the monthly Panorama of CEP-XXI.
Another of the sectors that showed a strong improvement was the hydrocarbon -indirectly benefited from the increase in mobility-, with the consequent impact on the industrial supplier chain, which contributed to the economic recovery gradually becoming more homogeneous.
According to the latest INDEC numbers, the economy has already slightly exceeded the level of February 2020, to which it adds that “the first advanced data for September, October and so far in November generally augurs a consolidation of said recovery trend. ”. That, the report noted, could indicate that “economic activity is already at levels similar to or even higher than the average for 2019.”
Also based on INDEC data, the industry grew 1.1% monthly in September and, in annual terms, improved 14.3% compared to the same month of 2019 -with almost 80% of the sectors operating above the levels of that moment – and 8.6% compared to September 2018, while the use of installed capacity in the industry exceeded 65%, its highest level since April 2018.
As a result, the industry created jobs again in September, after four months of stability, and already has 42,000 more workers than at the end of 2019 (an increase of 3.7%).
Some of the most dynamic sectors in terms of employment were pharmaceuticals (which reached the highest level in its history, with more than 40,000 formal jobs), agricultural machinery (with the highest number of formal jobs since 2013) and certain segments of the food and beverage industry, such as beer, animal protein, animal feed or mill products, that currently have the highest number of workers for at least 25 years.
Source From: Ambito
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