Industry and Construction Made a Monthly Breakthrough in August, but Fell Into Year-on-Year Measurement
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22 Articles
Argentina's economy is moving towards a technical recession after a timid recovery in August failed to compensate for the sharp fall in July, adding a challenge for President Javier Milei on the eve of next year's elections. Construction progressed 0.4% in August compared to the previous month, only a fraction of the 4.4% fall recorded in July. Manufacturing activity rose 1.9% in the month, after falling 5.1% in July, according to official data …
They grew 1.9% and 0.4%, respectively, versus the previous month; but manufacturing output went back 3.2% year-on-year and construction 4.4%
Manufacturing production improved by 1.9% compared to August and construction picked up 0.4%.For economists this is not enough to have a sustained recovery.
Buenos Aires, Oct 8 (Prensa Latina) The industry and construction continue to take a swing in Argentina today; the first improved 1.9 percent in August, without exceeding the collapse of July 5.1, while the second experienced an improvement of 0.4 percent. The post Industria Argentina improved somewhat in August, but has just taken off first appeared on Noticias Prensa Latina.
In the midst of the recent series of negative data on the economy of the South American country, the secondary sector showed a slight improvement of 1.9% per month, which included a rebound in the construction sector.
Hard data show the industrial debacle that crosses the country after the arrival of Javier Milei to the National Executive. The manufacturing industry recorded a 3.2% drop in year-on-year terms compared to the same month of the previous year. The data comes from the new report of the Industrial Manufacturing Production Index released this afternoon by the Institute of ...
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