Activity alert: one of the best performing sectors in 2024 sank 28% monthly in September

Activity alert: one of the best performing sectors in 2024 sank 28% monthly in September

November 6, 2024 – 16:55

The INDEC provided worrying data for the Argentine economy in one of the sectors that, along with agriculture and energy, grew the most during the year.

INDEC

He fishing sectorone of the few with good relative performance so far in 2024, suffered a sharp decline in September. He collapse was 28.1% compared to Augustthe highest since 2019.

In this way, the seasonally adjusted series of the Fisheries Industrial Production Index of the INDEC reached his lowest level since April 2016. Likewise, in year-on-year terms there was a drop of 22.7%.

The greatest negative impact was shown by the division of crustaceanswhich contracted 30.2% annually. On the contrary, the division of fish improved 5.2% and that of mollusks it almost sixfolded.

Even so, in the first nine months of the year the sector accumulated an increase in its production of 9.3% versus the same period last year. It is, along with the agriculture and the energy sector, one of the few that managed to avoid the recession generated by the Government’s economic policy.

Source: Ambito

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