in October, Economic activity has shown a better outlook than expected in recent months. This is what the advisor indicated Orlando J. Ferrers & Company based on General Activity Index (GAI) Which it produces and which rose a 0.7% per month.
It should be remembered that the latest Monthly Estimator of Economic Activity (EMAE), published by Indec last week, showed that activity in September 2025 increased by 0.5% compared to August in the seasonally adjusted measure and 5% compared to the same month of the previous year.
In a year-on-year comparison, IGA recorded an increase of 4.6%. He highlighted the increase in financial intermediation (+31%), the agricultural sector (+4.8%), and mines and quarrying (+3.9%).
“The context is becoming somewhat clearer and allows us to be more optimistic going forward. The national government appears to be making good use of the electoral support and negotiating from an advantageous position to implement the reforms it needs for the second half of the term,” the consultancy explained, also highlighting a potential trade agreement with the United States.
“It opens up an opportunity in terms of preferential access to one of the largest global markets, investment opportunities and increased foreign exchange inflow, although it also has its risks, as our economy is very closed,” they added.
If analyzed by item, during October agriculture recorded a year-on-year increase of 4.8%, breaking six months of decline, thanks to the boost of the agricultural sector (+12.3%), compared to livestock farming which is experiencing greater difficulties (down by 2.4%). In the past ten cumulative months, the sector recorded a contraction of 1.3%.
For its part, the industry showed some improvement, rebounding by 0.9% on a monthly basis, cutting part of the decline shown in the current year, and remaining 1.9% below the record recorded in December, always in a sub-seasonal measurement. On a yearly basis, the industry recorded a decline of 1.1%, leaving the cumulative figure with an increase of 2.0%. Among sectors, the 4.6% contraction in machinery and equipment stands out as the main downward impact, followed by a 1.2% decline in food, beverages and tobacco.
The electricity, gas and water category recorded an annual increase of 1.8% in the tenth month, reducing 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.
Finally, the mining and quarrying sector recorded a 3.9% annual expansion in October, representing 56 consecutive months of growth for the sector, and compiling a 7.4% improvement for the 10 months of 2025. Progress was again supported by crude oil production (+13.5%), while natural gas production recorded a 7% annual decline.