The National Institute of Statistics and Censuses (INDEC) released a series of economic indicators for May 2025 this past Monday and Tuesday, which show a significant recovery in key sectors of the Argentine economy.
According to official data, the manufacturing industry and energy production recorded notable year-on-year improvements, reflecting the stability of macroeconomic variables thanks to the adjustment and deregulation policies implemented by the government of Javier Milei, which achieved not only a strong economic recovery but also a phenomenal drop in inflation and poverty.
In May, industrial activity grew by 5.8% compared to the same month in 2024, and by 2.2% compared to April, consolidating a positive trend that had begun to emerge a few months ago. Within the sector, the largest year-on-year increase was seen in the production of "Other transport equipment," which rose by 35.3%. Meanwhile, basic metal industries had the greatest positive impact, contributing 1.02 percentage points to the total manufacturing index.
The construction sector also showed a significant year-on-year improvement, with growth of 8.6% compared to May 2024, although with a slight decrease of 2.2% compared to April.
