Industrial activity closed the first quarter of 2021 4.3% above the same period of 2019, and in turn, out of a total of 14 sectors, 13 industrial sectors consumed the same or more energy in March than in 2019, according to findings of CEP XXI's Productive Outlook report.
The Government announced an investment of 10.155 billion pesos ($109.37 mn) to reinforce the health system in the face of the second wave of Covid-19. It also revealed that health personnel would receive a monthly bonus of 6,500 pesos ($70), including 100,000 workers who will benefit from this bonus, not included in 2020.
Soybean rose $6.06 yesterday in the Chicago market, after reaching a seven-year high, and closed at $532.69. The oilseed price accumulated its fifth bullish round and was 75% above the value it had thirteen months ago. Exports of the soybean complex closed the first quarter of the year with a record income of $5.025 billion due to the increase in international grain prices.
The industry grew by 0.6% month-on-month in March, 4.3% above the average of the same period of 2019. These results imply that the manufacturing sector expanded 27.4% year-on-year in March.
The manufacturing industry used 58.3% of its installed capacity during February, according to the INDEC (National Institute of Statistics and Censuses) reported on Monday. In annual terms, this was the first drop in four months. Compared to February 2020 (59.4%), the decrease was explained mainly by a higher number of scheduled plant shutdowns, which had more intensively arranged last year in January.