The Economic activity in January registered an increase of 4.3% in an interannual form and of 0.6% in relation to December. “From the lowest point in March 2024, the Argentine economy has experienced a 6.2%recovery, exceeding the average of the seven previous expansive phases (5.8%),” said a report published in recent days.
The data arises from the coincident compound index of Economic Activity of Argentina (ICA-ARG), which jointly elaborate the Rosario and Santa Fe trade exchanges.
The work stressed that the ICA-ARG adds 10 consecutive months with positive results and said that, “Seven of the ten economic indicators showed a positive performance in January, while eight series presented positive interannual variations. “
What are the sectors with the highest growth
According to work, the “industrial sector continues its recovery, with a monthly increase of 0.7% and an interannual increase of 6.2%.”
In turn, “the Construction activity shows recovery signs with a positive variation of 4.4% In January and an interannual increase of 5.7%, the first since the end of 2022 “. For its part,” total imports of goods grew by 2.0% monthly and 21.3% interannual. “
In another order, new vehicle patents increased by 7.2% in January, reaching the highest level since the beginning of 2019, with an interannual increase of 37.2%. Also, the Total collection of the national government grew 1.0% in January, with an interannual increase of 5.9%.
The negative fact reaches the side of retail sales that do not show signs of recovery, with a monthly decrease of 0.4% and a negative interannual variation of -5.2%.
However, the work indicated that “Divergent patterns are observed, with a better performance in sales of shopping centers and appliances.”
What happens to employment
On the other hand, Employment in the registered private sector continues to improve, with an increase of 0.1% in January, Marking the sixth consecutive month of monthly recovery. However, the interannual comparison shows a 1.0%contraction.
The entry to the labor market shows difficulties to consolidate its recovery, with a negative variation of -0.4% in January.
The total gross remuneration of registered private employees grew 0.6% in January, accumulating eleven consecutive months of positive monthly variations. The interannual exchange rate was 19.4%.
Source: Ambito
