The Industrial Mining Production Index (Mining IPI) registered in January 2025 an increase of 3.1% compared to the same month of the previous year, Indec said Thursday. The endless series of the index showed a positive variation of 2.8% compared to December 2024, while the trend-cycle series reflected an increase of 0.4%.
Within the mining sector, the Extraction of crude oil and natural gas, together with support services, exhibited a rise of 1.8% year -on -year.
In particular, the Crude oil extraction increased by 11.6% compared to January 2024. There were 1,499.2 thousand m³ of conventional crude oil, which implied a 4.6%drop, while the Unconventional crude oil reached 2,185.0 thousand m³, with a rise of 26.4%.
Natural gas extraction also recorded a growth of 11.9% year -on -year. In detail, conventional natural gas production reached 1,653.0 million m³, with an increase of 8.1%, while unconventional natural gas amounted to 2,641.5 million m³, reflecting a rise of 14.4%.
The mining sector showed strong growth in the production of lithium carbonate, which reached 7,793.1 tons in January 2025, with an increase in 92.7% compared to the same month of the previous year.
On the contrary, the Industrial Fisheries Production suffered a 3.3% drop in year -on terms. However, the endless series of the index showed a positive variation of 9.3% compared to December 2024, and the trend-cycle series registered an increase of 2.4%.
Given the irregular behavior and the changing seasonal pattern of the fishing IPI in maritime fishing, it is likely that the unstacted series and trend-cycle will be reviewed as new data is incorporated. For better sector evaluation in the short term, specialists recommend analyzing both series together.
Source: Ambito
