Indec has published its EMAE index in recent weeks, according to which economic activity has registered growth by 5.7% -on February. In addition, respect for the previous month -liability amounted to 0.8%.
Data was noted by the government. Nevertheless, the new survey foresees that March will put an end to the “parasta” to the growth of recent months.
This is a general activity index (IGA), a report that OJF and Associates, a consultant led by economist Orlando Ferreras, is prepared for several years. According to the report, the level of activity recorded an increase of 7.8% -on the third month of the year, gaining 7.3% growth in the first quarter.
But, if an endless measurement is presented, OJF warns of a reduction in 1.2% compared to the previous month. In the third month of the year, the brake is prevented by growth, which was accumulated in the last three dimensions.
“Among the sectors, the greatest negative frequency arose from the industry, although the monthly failure in trade and construction was also felt,” said the consultant.
Why economic activity fell in March
The reason for this fall is associated with the “context of uncertainty, which prevailed in March and the first days of April at the local and international level.”
Nevertheless, Consultant Ferres noted that, in any case, “the first quarter manages to close with a positive result of 1.2% compared to the fourth quarter of last year, always in the series without seasonality.”
In addition to this, the report predicts that in the short term they should prevail “growth factors, such as the highest income of families, increase productive investments and slowing down inflation, which again contributes to an increase in activity”.
Report: Sector sector, which were those that grew most in March
According to the OJF and Associate Consultant report, some key sectors showed a reduction in an endless dimension.
For example, agricultural activity showed an advance payment by 1.7% in March, while cattle decreased by 0.5% (always in relation to the same month of last year). “In general, the sector (agriculture and livestock) for the third month scored 1.1%by 1.1%, accumulating 1.0%in the first quarter,” they explained.
On the other hand, the production industry observed in the third month of the year, an increase of 4.1% in an annual comparison, while the measurement of De -nationalized showed a decrease by 2.3% compared to February.
As for February, the production industry registered a negative balance
“With an annual comparison, the highest growth was provided by sectors related to construction, partly from a low comparison base,” the document has.
In addition to this, the sector of public services (electricity, water and gas) scored within the third month of the year with a reduction in 2.6%, closing the first quarter with a decrease by 1.5%.
Meanwhile, the Yokta Y Canteras sector was registered in March, an advance by 4.2% in the annual dimension, accumulating during the first three months, expansion by 6.6%. “Details, oil production increased by 9.9%, while natural gas showed a decrease in margin by 0.8%, always in an annual dimension,” they analyzed.
