The gross investment registered a decrease of 3.7% year-on-year in October so that, in the first 10 months of the year, accumulated a contraction of 18.7%. However, the Investment in durable machinery and equipment began to mark a strong recovery.
The estimates correspond to the Orlando Ferreres Center for Economic Studies. “When measured in dollars, an investment of US$7,809 million monthly”says the private report.
According to the work, investment in machinery and equipment for production showed a “growth of 12.1% compared to the same month last year.”
In that sense, According to Ferreres, there is a strong acceleration compared to September’s figure (+3.4%). “The growth that we had already been observing in the national equipment, which in the tenth month was 11.9%, was added to the expansion of imported machinery, increasing 12.2% annuallyand ending the negative streak that it showed in 2024,” the report maintains.
The study highlights that “in cumulative terms, “The sector registers a contraction of 12.3%.”
Gross investment: construction continues to lag behind
For its part, the work says that investment in construction “shrinked 16.6% in October, continuing with a gradual deceleration in the fall, but showing the difficulties of the sector to enter a recovery phase.”
“The construction thus accumulates a decrease of 24% for the last ten months of the year”, requires the survey.
Ferreres maintains that “investment figures continue to improve, with the purchase of durable equipment, showing healthy growth rates, and only with construction still lagging behind last year’s levels and keeping the general index in negative territory.”
“In terms of activity, “construction is the least dynamic sector of the economy, but it is beginning to show a rebound,” clarifies the study.
The private survey states that “the improvement of the real estate sector, the expansion of mortgage credit and the funds from money laundering make us think that the Investment in construction should begin to rebound in the coming months.”
“More generally, macroeconomic stability, together with “The tax benefits that the Government is promoting encourage the recovery of investment levels.”the report states.
On the other hand, he points out that “exchange restrictions and an economy that has not yet recovered, even with high idle capacity, raise doubts about the speed of investment recovery.”
The Government advances with the industrial investment law
The secretary of Production Coordination of the Ministry of Economy, Juan Pazoannounced this Tuesday to industrialists that the Government will be presenting to Congress a draft Industrial Investment Incentive Law, which will contemplate tax reductions and a very important labor chapter.
The announcement was made before the businessmen of the Argentine Industrial Union (UIA) within the framework of its annual conference. This is expected to boost investments from both SMEs and large companies.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
