Matías Kulfas: "we are in a stage of recovery and industrial growth"

The Minister of Productive Development of the Nation, Matias Kulfas, highlighted this Thursday that so far this year, the industry in the country grew by 5.1% compared to the evolution verified in 2019, before the pandemic.

“Despite the pandemic and all these problems, we can say that industrial policies are reversing the Macri process, so strong of deindustrialization and that we are in a stage of recovery and industrial growth,” Kulfas wrote on his Twitter account.

Along these lines, the head of the productive portfolio assured that the industrial recovery registered in 2021 was higher than that registered in “Brazil, Chile, Spain, France, Italy, India, Mexico, Germany, the United States and Japan.”

“This is the result of having recovered industrial policy,” the minister said in a tweet that he accompanied with a graph that shows the performance of the manufacturing sector in Argentina with an increase of 5.1% compared to other countries such as Brazil (1.8%), Chile (1.4%), Spain (-4.2%), France (-6.5%) or Italy (-1.3%) in the same period.

The reference is also made with respect to the industrial performance of India (-0.3%), Mexico (-2.4%), Germany (-6.9%), the United States (-2.3%) and Japan (- 4.9%), all below China’s 15% increase.

In this way, the analysis presented by Kulfas evaluates a dozen industrial sectors, half of them with positive performance so far this year such as Food and Beverages (8.1%), Wood, paper and printing (1%), , Pharmaceuticals (8.8%), Rubber, plastic and non-metallic minerals (8.2%), Machinery and equipment (8.4%) and automotive (5.9%).

On the contrary, the sectors that maintain a fall compared to the accumulated of 2019 are Textiles and clothing (-5.8%), Fuels (-3.3%), Chemicals (-0.9%), Basic metals (-0, 3%) and other transportation equipment (-28.6%).

Kulfas also referred to the recovery of the industry, noting that there have been “11 consecutive months of increase in industrial employment. This contrasts with the fact that of the 48 months of the Macri government, there were 46 of a drop in industrial employment. Even in the few months that there was growth, industrial unemployment continued its downward march. “

“We had a first four-month period of the year with an industry growth, compared to 2019, of 5%. Argentina, despite the pandemic, today produces more than in 2019,” concluded Kulfas.

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