- What does the Ferrers index say about economic activity?
- Economic activity: How were the October numbers, sector by sector
Economic activity is showing a better outlook than expected in recent months. This is what he referred to Consulting firm Orlando J. Ferreres & Asociados On the scale of October, with A 0.7% growth Compared to the previous month, which maintains the improvement observed in September.
It is worth noting that the latest EMAE, published by INDEC this week, showed that in September 2025, activity was 5% increase Compared to the same month of the previous year. in Seasonally adjusted measurementAnother variable that economists follow closely, Growth was 0.5%.
What does the Ferrers index say about economic activity?
As for Comparison on an annual basisIndex Registered A 4.6% increase And it piled up 5.8% During the first ten months of 2025.
“In annual terms, progress of 4.6% was observed, which stands out – Encouraging financial intermediation (+31%), the agricultural sector (+4.8%) and mining and quarrying (+3.9%).“, in detail.
These numbers, highlighted by the company, respond to context More economic optimism Driven by two factors.
on the one hand, Recent electoral support From society to government and a Greater political capital From this to negotiate “from an advantageous position” Reforms of the second phase of the mandate. On the other hand, expect a Trade agreement with the United States.
In this regard, the study considered that “the opportunity is available” to “Preferential access To one of the world’s largest markets, which can benefit from a Increase the inflow of foreign currencies and investments.
However, the analysis also warns of the risks this could entail for the economy as it remains afloat “Too closed.”
Economic activity: How were the October numbers, sector by sector
The advisor confirms that The monthly expansion is largely maintained through Agriculture and livestock sectorFollowed by the category of mines and quarries Electricity, gas and water.
Agriculture and livestock
During the month of October, Agriculture recorded an increase of 4.8%cut off with six months of autumn Thanks to strengthening the agricultural sector (+12.3%), compared to the livestock farm with greater difficulties (-2.4%).
The report indicated that “in the cumulative ten months that have passed, the sector recorded a contraction of 1.3%.”
Manufacturing industry
the Industrial activity Show some improvement after recovery 0.9% On a monthly basis. And so he cut off part of Low offer this year It was 1.9% below the December record, always sub-seasonal in measurement.
“On an annual basis, the industry registered a decline of 1.1%, pushing the cumulative figure up by 2.0%. Among sectors, the 4.6% contraction in machinery and equipment stands out as the main bearish impact, followed by a 1.2% decline in food, beverages and tobacco.”
Electricity, gas and water
Related sector public services Recorded in the tenth month Down payment of 1.8% annuallyWhich reduced the accumulated decline to 1.5% during the period from January to October.
In details of electrical service, Camisa reported a marginal decline in electricity generation of 0.2% annually, due to lower residential demand.
Mines and quarries
Finally, the sector Mines and quarries Obtained in October a Annual expansion 3.9%what brand 56 consecutive months of growth For the sector, which records an improvement of 7.4% for the ten months of 2025.
The progress was again supported by crude oil production (+13.5%), while natural gas production registered a year-on-year decline of 7.0%.
We want to meet you!
Register for free At El Cronista for an experience tailored just for you.