Thanks to the Government of Javier Milei, the Argentine economy showed strong upward signs during the month of February, by registering a 5.7% year-on-year growth, according to the Monthly Economic Activity Estimator (EMAE) published by the National Institute of Statistics and Censuses (INDEC).
Additionally, the Minister of Economy, Luis "Toto" Caputo, announced that this data represents one of the largest year-on-year increases in recent times and marks the highest level in the seasonally adjusted series since June 2022.
Compared to the month of January, the EMAE also showed a 0.8% seasonally adjusted monthly improvement, consolidating a positive trend that has been rising for eleven consecutive months. This behavior indicates a clear sustained recovery due to the successful economic plan of Milei's Government.
Among the sectors that drove this expansion, financial intermediation stood out, which grew by 30.2% compared to February 2023, and fishing activity, which showed a notable increase of 28.3%.
