In February, the price of houses per square metre in the Federal Capital and Greater Buenos Aires fell by 5.8% compared to the same month last year, while that of flats followed the same downward trajectory by 6.5%, according to a survey conducted by the University of San Andrés.
Category: Industry
Information about Argentina’s economic sectors
China donated a mobile hospital with 13 modules and a $5 million price tag
China's gift (valued at more than $5 million) underpins the military link; donating non-lethal equipment guarantees that the gesture will not have geopolitical implications. The Chinese mobile hospital will become part of the Argentine Army Health Service. The second hospital of Chinese origin that the force has received, the previous one, was donated in 2017. It includes 13 container-modules with their respective transport trucks, an innovative capacity that allows them to move where assistance is needed.
The industry grew 4.4% in January
The manufacturing industry chained its third consecutive annual improvement as in January 2021; it recorded a 4.4% growth compared to the same month of 2020. The excellent start to the year drove by a 31.5% annual increase in non-metallic minerals, caused by good activity in the construction sector.
The construction sector started the year with a jump of 23.3%
Construction activity began the year with a substantial jump, showing a 23.3% year-on-year growth, according to the INDEC (National Institute of Statistics and Censuses) on Thursday. It is the third consecutive year-on-year increase after 26 months of decline. The Synthetic Indicator of Construction Activity (ISAC) increased 4.4% monthly in the measurement without seasonality. Thus, the ISAC registers a rise that places it at a level 28% higher than the pre-covid level of February 2020.
YPF improves results and announces $2.7 bn investment
State-owned oil company YPF reported Thursday that in 2020 it had a net loss of $1.09 billion but that in the last quarter of the year, it was able to cut the loss by more than $540 million from the accumulated decline up to September. As a result of a more significant normalisation of economic activity, and after the debt swap, the company plans to invest $2.7 billion in 2021.
Honda invests $5 mn to build a new bike
Honda Motor de Argentina announced yesterday that it invested u$s5 million to produce a new motorbike model. This amount is in addition to the $15 million that the company has spent over the last two years on its production lines and parts' localisation process.
Luxury tax may increase car prices by up to 11%
With the update of the Internal Taxes' taxable base arranged this week by the AFIP, the automakers are preparing to adjust the price lists of the 0 km that will apply from Monday. The first carmaker to change prices is Toyota. It increased the wholesale value of some models by 11% but only passed on 5% to the public. The other brands are defining their strategy.
Economic activity rose 1.3% in the first month of the year
Economic activity in January recorded year-on-year growth of 1.3%, according to estimates by the Orlando Ferreres Centre for Economic Studies. Half of the impetus for growth in the first month of the year came from industrial activity; the manufacturing sector is the engine of economic recovery after the financial collapse of 2020 caused by the covid-19 pandemic.
Electricity rates for industry and commerce increase by an average of 50%
As of 1 March, the stabilised energy price will increase by 90%. It will go from 2,910 pesos ($32.53) to 5,500 pesos ($61.49) per megawatt per hour for non-residential users who consume more than 300 kW power. The final impact will be, on average, 50%, but in some cases, it will reach 70%.
Soybeans rose more than u$s8 in Chicago to $516.62 per ton
The price of soybeans jumped more than u$s8 in the Chicago market, driven by robust Chinese demand, closing the day at $516.62 per ton, in a round in which cereals also traded with increases.
