Economic recovery: The industry grew 4.7% in February, according to a private report

As the months of government under Javier Milei and Minister Luis Caputo progress, the data shows clear signs of economic recovery, with a private sector responding positively to the removal of bureaucratic obstacles and macroeconomic stability.

The Argentine industry experienced a 4.7% growth in February 2025, according to the latest report from the consulting firm Orlando J. Ferreres. This result reflects a continuous improvement in activity, where January recorded a year-on-year expansion of 7.1%, according to data from Indec.

Ferreres's report highlights a monthly improvement of 1.3% in February compared to January, translating into an accumulated growth of 5.4% in the first two months of the year. Seven sectors showed increases, with the most notable being the machinery and equipment, refineries, and food sectors.

The machinery and equipment sector led the growth with an increase of 16.1% in February compared to the same month of the previous year. This increase is mainly due to the positive performance of agricultural machinery and the automotive sector, with a production of 42,419 vehicles in February alone, implying a year-on-year increase of 13.1%, according to data from the Association of Automotive Manufacturers (ADEFA).

Meanwhile, refineries grew 9.4% in February, accumulating an increase of 9.8% in the first two months of 2025. The food sector also showed significant improvement, with an increase of 6.3% in February, driven mainly by growth in oil production (+10.5%). In the meat sector, poultry slaughtering grew 2.2%.

The non-metallic minerals sector also recorded good performance, with an increase of 5.6% in February and an accumulated growth of 6.9% in the first two months of the year. Portland cement production, in particular, grew 8.1% year-on-year.

Other sectors with positive results were pharmaceutical products (4.9%), beverages (2.8%), and the chemical industry (2.8%). As more sectors manage to adapt to the new economic paradigm, the industry could continue expanding its growth in the coming months.