In September, the EMAE registered a decrease of 0.7% in the interannual comparison, the INDEC reported this day.
The economic activity fell again in September, this time 0.7% in the year-on-year comparison, after rebounding in August, as reported this Wednesday by the National Institute of Statistics and Censuses (INDEC). In this way, so far this year it has accumulated 5 casualties in six months.
He monthly economic activity estimator (EMAE) It remained unchanged compared to August in the seasonally adjusted measurement.
So far in 2023, The index accumulates a fall of 1.5% in comparison with the same period (January-September) 2022. “With this, the EMAE points to a contraction of the GDP of 0.67% y/y for the third quarter of 2023, much lower than the observed growth of +5.7% during the same period of 2022,” said a report from Balanz Research.
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Argentine News
Economic activity: which sectors registered the greatest increases and which decreased
In relation to the same month of 2022, eleven sectors of activity that make up the EMAE registered increases in September, among which stand out Fishing (+8.9% yoy) and Electricity, gas and water (+7.2% yoy). Meanwhile, the sector Exploitation of mines and quarries (+6.1% yoy) was the one with the highest positive impact in the interannual variation of the index, followed by Real estate, business and rental activities (+1.4% yoy).
For its part, four sectors of activity registered falls in the interannual comparisonamong which stands out Manufacturing industry (-3.6% yoy) which in turn is the sector with the greatest impact on the fall of the EMAE; With Wholesale, retail and repairs (-1.1%) subtract 0.7 percentage points from the interannual variation of the index.
Source: Ambito
