The National Institute of Statistics and Censuses confirmed that the increase in investment was 18.9% in the first three months of 2023.
He National Institute of Statistics and Censuses (INDEC) confirmed that the investment rate in it first semester of 2023 was 18.9% and was positioned as the highest in the last 15 yearswhile investment in the second quarter of 2023 is more than 6% up compared to the last quarter of 2022. In addition, investment was 42% higher than pre-pandemic levels.
He Secretary of Industry and Productive Development of the Nation, José Ignacio de Mendigurenexplained the high level of investment and highlighted the “consolidation” of production in the country: “This record in the investment rate It is the product of confidence on the part of companies that see the current growth and future of the country, and above all the consolidation of a productive-competitive model that will move Argentina forward with production and employment policies.”
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Ignacio Petunchi
Growth in formal private employment
“This is the path he took Sergio Massa at the beginning of his term as minister and that he will promote with all his strength and conviction if Argentina elects him president as of December 10,” added de Mendiguren.
INDEC data show a recovery every three months: 3.8% in the second quarter of 2023 versus the previous quarterand 2.2% in the first quarter compared to the last quarter of the previous year (without seasonality).
The Government also highlights the increase in formal private employment in Argentina. According to data from the Employment and Business Dynamics Observatory of the Ministry of Labor, Employment and Social Security, based on the Argentine Integrated Pension System (SIPA), In July 2023, formal private employment in the industry increased by 0.3% compared to the previous month and registered an interannual growth of 2.9%, that is, more than 33,100 additional people with private industrial employment in one year.
Source: Ambito
