The manufacturing industry It grew in February, both in interannual and monthly terms. Thus, In the accumulated of the first bimester the sector improved 6.6% Versus same period last year, although production was lower compared to 2024.
He Industrial Production Index (IPI) rebounded 0.5% monthly, according to what the INDEC This Wednesday. Also, versus February 2024 the indicator climbed 5.6%.
What were the best and worse sectors?
Among the main divisions of the IPI The interannual increase in the manufacture of machinery and equipment (+33.6%) was particularly highlighted. The main impulse was given by the manufacture of agricultural machinery, Fundamentally, due to the low comparison base since in February, difficulties were perceived in access to imported products, according to sources in the sector.
In parallel, the Internal demand bounce It traction an increase of almost 30% in domestic use devices. Punctually the productions of washing machine and dryers, ice creams and freezers, and heating and stoves highlighted.
By its incidence, he also highlighted the Food and drinks (+9.6%)highlighting the preparation of fish, due to a rise in the capture of prawns in the fleets of coastal freshness and rada or estuary. At the other extreme, the most important falls were seen in basic metal industries (-10.5%), metal products (-11.4%) and non-metallic minerals (-6.1%).
The data of the February series of February was 0.7% below the level of last December. It is worth remembering that in the first two months of each year the factories usually make technical stops in their plants for vacations, so analysts suggest taking the joint bimester data to draw conclusions.
Tomás CanosaEconomista de Fundar, clarified in dialogue with a scope that it has logic that the February data is less than December given the least amount of business days. Regarding the first bimester data, he highlighted as positive the annual improvement of 6.6%, although he made focus on the low comparison base and sector heterogeneity.
As for the latter, he compared the indicators linked to the constructionwhich fell into the first bimester but seem to have rebounded in March according to the advanced data, with the industry Automotivewhich had a good first bimester but in March it showed falls. “This marks the heterogeneous year a little that will be in terms of industrial activity for more than added terms you have a rebound because it was one of the activities that fell the most during the past year,” he deepened.
The Argentine industry was one of the most beaten in the world in the last 50 years
“In the long term, the PBI Industrial Per capita is 15% below 1970, 25% below the historic peak of 1974 and 23% in relation to the best year of the 21st century (2011). Few countries had as bad industrial performance in the last 50 years as us“said the director of productive planning of Fundar, Daniel Schteingart.
Regarding the reasons, he highlighted Macroeconomics deteriorationhe Asia boom and the Lack of consensus about the role that industry must have in local development.
Source: Ambito
