The ICA-ARG index grew by 0.3% in February and consolidates a positive trend.
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Economic activity in Argentina registered an increase of 0.3% in February compared to January, thus accumulating three consecutive months of growth, according to the ICA-ARG index prepared by the Rosario and Santa Fe Stock Exchanges.
The data not only confirms a positive trend, but also reflects that the process of economic stabilization is beginning to transfer to real activity, after years of macroeconomic distortions.
Sectors that drive the recovery
Growth is not isolated, but is based on multiple indicators that show signs of improvement: Patenting of new vehicles:
+3.0% Agricultural activity: +1.7% Real gross compensation of
the private sector: +1.2%
Imports of goods: +1.1% Industrial production: +0.5% National
revenue: +0.1%
These data show that different engines of the economy are beginning to react simultaneously, from agriculture to industry and consumption linked to
durable goods.
Macroeconomic order and background signs
The uptick in activity occurs in a context of economic reorganization promoted by the government of Javier Milei, based on fiscal balance, the reduction of inflation and the normalization of
relative prices.
For years, the Argentine economy showed artificial growth driven by emissions and public spending, which then led to recurrent crises. In contrast, the current scheme points to a stronger and more sustainable recovery.
The improvement in key indicators suggests that the initial adjustment process is beginning to yield concrete results.
Sectors lagging behind but in the process of normalization. Although some sectors
still show declines, they respond largely to the correction of previous imbalances: Construction: -0.3% Retail sales:
