President Javier Milei echoed the report published by the private consultant, Orlando Ferreres, which reflects a Increase of 4.6% of economic activity in December. “The activity flying,” said the Argentine president by sharing a graph of the report.
In detail, according to the study, economic activity regained in December compared to the same month of 2023. However, the closing of the year showed a fall in the 2.9% in interannual terms.
Javier Milei’s message in reference to economic activity
Waiting for the official data of the National Institute of Statistics and Census (INDEC) On the economic activity of the country, the president chose to highlight a private report by Orlando Ferreres in which it is reflected that economic activity grew 4.6% in December, compared to the same period in 2023. “The activity flying. La Libertad advances. Long live the fuck “he wrote a higher president in his social networks.
However, the tweet shared by the president does not refer to the Destationalized measurement registered a monthly growth of 1.3% Regarding November, and that the closing of the year It showed a 2.9% drop in interannual terms.
After making known the data of the private consultant, it remains to know the information that the INDE will share on Tuesday, February 25, that could confirm or adjust the data presented by the consultant. However, the private report anticipates a positive performance of the economy at the close of 2024, with more growing sectors than in decline.
Economic Activity: What were the most and less prominent sectors in 2024
In detail, the study by the consultancy Orlando Ferreres, revealed that of the Eleven sectors evaluated, seven had a growth and four registered falls in December. The sector with the best performance was “financial intermediation”, With an increase of 16.2% in December although it improves it It was not enough to compensate for negative results Of previous months, so the sector ended 2024 with a drop of 2.4%, according to the report.
For his part, “Agriculture, Livestock, Hunting and Silviculture ” It was one of the few who reported positive results both in December, with a growth of 15.1%, as well as in the annual balance, with an increase of 35.4%. However, the consultant said the climatic perspectives have deteriorated, which could affect the returns of the next crops, especially that of corn.
In this sector it should be noted that the Strong rebound of 2024 is closely linked to the bad results of 2023, When historical drought significantly reduced the crop volumes of various productions.
Below the general average, although within the prominent sectors, There is the “manufacturing industry”, with a 4.5%recovery. This is significant, since, according to official data, industrial activity had been in contraction during 19 consecutive months. However, at the end of 2024, The sector ended with an annual decrease of 6.2%.
On the other hand, Four sectors had negative results in December. The most affected item was the “construction“, that It contracted 10.6%. Thus, this industry ended 2024 with a strong decrease of 21.1%.
The sector of “Electricity, gas and water” It also had a loose performance and experienced a 2% drop in December, with a decrease of 2.9% in the generation of electricity, attributed to a decrease in residential consumption due to thermal conditions. Despite this, The sector ended 2024 with an accumulated increase of 0.8%.
Finally, the “Social and health services” They registered one 1.8% drop in Decemberclosing the year with a 1.1%decrease.
Source: Ambito
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