In turn, the anticipated data for December indicate a monthly decrease compared to November with an increase in the year-on-year comparison.
The activity industrial recorded an annual decrease of -3.8% yoy, and a monthly decrease compared to October (-2.5%, without seasonality), while In the accumulated period from January to November, a decrease of -9.7% yoy was observedas published by the Argentine Industrial Unit (UIA).
“The anticipated data for December indicate a monthly decrease compared to November with an increase in the interannual comparison, largely due to the low level of comparison,” they added.
In this way, there were increases in the sector Automotive (+2.8% yoy), cement dispatches (+11.1% yoy), and the items related to the agricultural sector, such as Patenting of Agricultural Machinery (+9.4% yoy), as well as the sector’s currency settlement oiler (+57.8% yoy).
Industry activity contracted in 2024
The UIA assured that there were increases in exports to Brazil (+40.2% yoy), where “the export of products of industrial origin such as automotive productionand others of agricultural origin such as wheat and rye“.
In the same sense, they also grew imports from Brazil (+55.2% yoy). On the contrary, it continued in December the interannual decrease in the consumption of electrical energy by Large Industrial Users (-8.7% yoy).
SMEs industry
“Although certain improvements began to be observed in industry sectors during the fourth quarter, At an aggregate level, the industry is still at levels similar to November 2023where the industrial sector faces a challenging panoramamarked by competition against the import of finished goods and the competitiveness difficulties of the Argentine economy,” they explained
Regarding the latest available employment data (October 2024), it showed its third consecutive monthly increase (+1,858 employees; without seasonality), driven mainly by Food (+1,761 employees), Wood and paper (+240), Metalworking (+159) and to a lesser extent Chemistry and petrochemistry (+107). However, there are sectors that still showed declines, although lower than those previously observed.
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.
