The official explained that in August there were year-on-year increases in eight of the eleven blocks that make up the Buenos Aires industrial index, among which the items “textiles and leather, motor vehicles, non-metallic minerals and common metals” stood out.
“This recovery is only possible from a present State that directs all its efforts to deepen industrial growth. The results are accompanying, but we are not satisfied: we will continue to underpin this strategic activity, which has enormous multiplier effects throughout the economy”, Lopez assured.
According to an official statement, The Synthetic Indicator of the Manufacturing Industry (ISIM) prepared by the Provincial Statistics Office also shows growth of 1.6% in August compared to July of this year.
In addition, the indicator shows that the level of August exceeded that of the same month of 2019, being the sixth consecutive month of increase.
On the other hand, the items that marked the highest growth compared to the same month of 2020 were: Textiles and leather (51.2%); Motor vehicles (42.6%); Non-Metallic Minerals (29.8%); Common Metals (25.2%); and Oil refining (16.2%).
The objective of the Synthetic Indicator of the Manufacturing Industry of the province of Buenos Aires (ISIM) carried out by the Provincial Directorate of Statistics is to have a monthly indicator that allows observing the behavior of the provincial industrial activity.
It is constituted by monitoring and estimating the so-called Industrial Blocks, made up of groups of industrial activities with common characteristics, through monthly estimates on the provincial manufacturing sector based on information from the Monthly Industrial Survey carried out by INDEC and data obtained by own surveys carried out by said Directorate.
Source From: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
