The official data of INDEC showed a 0.6% growth compared to 6.5% in annual terms. Commerce presented the highest positive incidence.
Commerce is one of the sectors of greatest recovery.
The economy extended its recovery process at the beginning of 2025, since In January he chained his ninth consecutive monthly improvement. Regarding a year ago, the improvement in trade was highlighted.
He Monthly Economic Activity Estimator (EMAE) of INDEC presented an increase in 0.6% Regarding the previous month. Also, compared to January 2024, the growth was 6.5%the highest variation since August 2022.
What were the sectors with the best and worse performance in January?
In interannual terms, The trade presented the main positive incidence, throwing a 11.3% leap. The podium was completed by financial intermediation (+25.7%) and the industry manufacturing (+6%).
At the other extreme, the most relevant negative incidents were seen in public administration and defense (-1.7%), other activities of community, social and personal services (-2.6%) and hotels and restaurants (-2.8%). While the constructionone of the most important sectors of the economy and more beaten since Javier Milei is president, had an annual improvement of 1.9%.
The economy recovered quickly, but with sectoral heterogeneity
The recovery of the activity was faster than in previous recessions, already exceeding the level of August 2023, when the decline began. The impulse was mainly granted by export sectors, such as agriculture and energy, and by credit, which allowed improvements in financial intermediation and even trade.
For these items, the perspectives for 2025 are still favorable. Different is the situation for construction and industry; In the first case it is expected that public works will remain at depressed levels, so the dependence on private work is high, while in the second case a greater uncertainty is given since there are favorable elements and others not so much.
For example, the Import opening It benefits the items that need input and machinery to increase their production, such as the automotive industry, but harm the items that will receive direct competition, such as clothing.
In parallel, while the credit boom Help a greater production, Exchange rate appreciation Erosion the competitiveness of the industry.
Source: Ambito
