Waiting for the official data of INDEC, the consultant Orlando Ferreres had anticipated that economic activity experienced a 4.6% increase in December 2024 compared to the same month of 2023. Meanwhile, the Destationalized measurement registered a monthly growth of 1.3% Regarding November, although The closure of the year showed a 2.9% drop in year -on terms.
The monthly economic activity estimator (EMAE) threw a slight positive variation of 0.1% versus November 2023. In this way, he managed to be located just above the level inherited by the management of Alberto Fernández as president and Sergio Massa as Minister of Economy.
The previous increase in EMAE had been in May, but on that occasion it had been almost exclusively due to the low comparison base, since it contrasted with May 2023, a critical month for the drought suffered by the country.
Economic Activity: What were the most prominent sectors in 2024
In detail, the study by the consultancy Orlando Ferreres, revealed that of the Eleven sectors evaluated, seven had a growth and four registered falls in December. The sector with the best performance was “financial intermediation”, with an increase of 16.2% in December. However, the improvement was not enough to compensate for the negative results of previous months, so the sector ended 2024 with a 2.4%drop, according to the report.
The sector of “Agriculture, Livestock, Hunting and Silviculture ” It was one of the few that reported positive results both in December, with a growth of 15.1%, as in the annual balance, with an increase of 35.4%. However, the consultant said the climatic perspectives have deteriorated, which could affect the returns of the next crops, especially that of corn. It is important to consider that the Strong rebound of 2024 is closely linked to the bad results of 2023, When historical drought significantly reduced the crop volumes of various productions.
Below the general average growth of 4.6%, There is the “manufacturing industry”, with a 4.5%recovery. This is significant, since, according to official data, industrial activity had been in contraction during 19 consecutive months. However, at the end of 2024, the sector ended with an annual decrease of 6.2%.
On the other hand, Four sectors had negative results in December. The most affected item was the “construction”, which contracted 10.6%. This sector ended 2024 with a strong decrease of 21.1%, mainly due to the deceleration of public works funded by the National State.
Source: Ambito
