The Minister of Economy, Sergio Massa highlighted the positive impact generated by industrial growth and the effects to stabilize the economy. The comments of the head of the Palacio de Hacienda were through his Twitter account this Sunday. “In February the industry grew again and the first two months of the year achieved its highest production level in five years,” he said on the networks.
In this way, mass ratified the “commitment to stabilize the economy by supporting the level of activity of companies and the work of Argentines and Argentines”, added in another of the messages.
The Economy Minister’s statements were made after the advance index of industrial activity, prepared by the Center for Production Studies (CEPXXI) of the Ministry of Industry, was released. Over there another positive month was reported, where industrial production grew 0.5% year-on-year in February after registering a 6.3% rise in January, and reached the highest production for a first two-month period in five years.
“It is no coincidence, then, that unemployment is the second lowest in the last 20 years and that the employment rate is the highest since at least 2003,” said the Minister. And he added: “That means that Today there are 1.3 million more people with work than in 2019,” he wrote in the Twitter thread.
We promised to stabilize the economy by supporting the level of activity of companies and the work of Argentines.
In February the industry grew again and the first two months of the year achieved its highest production level in five years. pic.twitter.com/O7cDdM0wFV— Sergio Massa (@SergioMassa)
March 26, 2023
In this way, industrial production grew 0.5% year-on-year in February, 10.1% compared to the same month of 2019 and also registered a monthly growth of 0.6% without seasonality, accumulating two months of consecutive growth.
Meanwhile, in the first month of the year, industrial activity grew 6.3% compared to the same month in 2022, with which the month “ranked as the second most active January in the entire series,” highlighted the CEPXXI. January also grew 0.7% compared to December without seasonality.
Finally, Massa reflected: “We had a time of unprecedented difficulties: pandemic, war and now the greatest drought in a century, but we did not stop for a minute in the effort to stabilize the economy so that Argentines have certainty about their work and their income”, concluded.