Thanks to Milei, Argentina's economic activity grew by 6.5% in January.

The Argentine economy, under the management of Javier Milei, started 2025 with a strong growth signal. According to official data from the National Institute of Statistics and Censuses (Indec), national economic activity recorded a 6.5% year-on-year increase in January, showing that structural reorganization policies are having a positive impact on the real economy.

Additionally, the Monthly Economic Activity Estimator (EMAE) reflected a 0.6% growth in the seasonally adjusted monthly variation, reaffirming the upward trend.

Ten of the sectors surveyed by Indec showed a recovery in January, led by financial intermediation, which recorded an impressive 25.7% year-on-year growth, and wholesale, retail, and repair trade, with an increase of 11.3%.

These are joined by mining and quarrying (8.3%), electricity, gas, and water (6.6%), manufacturing industry (6%), construction (1.9%), and real estate activities (3.9%), among other key sectors for economic dynamism.

Milei challenges Cristina Kirchner with numbers in hand

Indec's data served for President Milei, usually active on social media, to respond with irony to former Vice President Cristina Kirchner. "Hey Cristina... Get out of the way. End", he posted on his X account, highlighting the difference between his management and that of Kirchnerism, which plunged the country into a crisis of inflation and stagnation, which we would later inherit in the present.

Kirchner, meanwhile, tried to question the negotiations with the International Monetary Fund (IMF), asking on social media how it was possible that Mauricio Macri was granted USD 45 billion in 2018 and now Milei obtained USD 20 billion more.

However, the economic reality shows that, unlike the past, the current government is managing to reactivate production and consumption with criteria of fiscal discipline and economic openness.

Private sector confirms growth trend

Private consultancies have also reflected the improvement in their estimates. While Equilibra recorded a 0.5% increase in January, LCG stated that "the growth dynamic was sustained".

Additionally, the consultancy Orlando J. Ferreres reported a 1% monthly increase and an impressive 7.5% year-on-year in February, consolidating a cumulative growth of 6.9% in the first two months.

In the industrial sector, Ferreres recorded a 4.7% increase in February, with a seasonally adjusted growth of 1.3%. Within the industry, the automotive complex led the expansion with a 13.1% year-on-year, followed by food (+6.3%) and non-metallic minerals (+5.6%).

The Argentine Industrial Union (UIA) also highlighted the year-on-year improvement in industrial production, while the consultancy FIEL reported a 3.5% year-on-year growth in February, with a monthly increase of 0.6%.