Economy: which are the regions that fall less

October 25, 2018 - By Joseph Taylor

During the second quarter, the regions of Cuyo, Patagónica and the NEA suffered the least from the economic crisis, said a report by the consulting firm Economía & Regiones (E & R).

Between April and June, the only region that rose was Cuyo, with 0.4%, thanks to a good performance of the industry (2.6%), construction (9.3%) and financial intermediation (5%) ), that contributed between the three 31.3% to the activity.

On the other hand, although in decline, one of the regions that fell least was the Patagonia, with -0.6%, with losses in agriculture, livestock, hunting and forestry (-22.3%) and fishing (-7.6 %), and increase in mining (6.5%) and industry (2.6%).

Another region that fell the least was the NEA, with -0.6%, driven by agriculture, livestock, hunting and forestry (-6.6%), and hotels and restaurants (-5.3%). The increases were under construction (17.5%) and financial intermediation (2.4%).

On the other hand, the greatest fall between April and June was for the Central region (-12.3%), dragged by the agricultural-livestock sector (-29.5%, due to the drought) and the manufacturing industry (-3, 7%), which together represent 48% of the regional activity.

The Pampean region fell -3.5%, with decreases in agriculture, livestock, hunting and forestry (-26.7%), industry (-1.1%), construction (-1.1%), trade (- 2.5%) and transportation (-3.7%). The only increases were in financial intermediation (10.2%), real estate, business and rental services (3%), health (2%), education (1.4%), electricity, gas and water (1%) and domestic service (0.1%).

The NOA had a fall of -1.4%, with decreases in the agricultural-livestock sector (-4.7%), industry (-2.5%) and public administration (-0.3%), while they grew electricity, gas and water (6.4%) and financial intermediation (5%).

At the provincial level, Entre Ríos, Córdoba and La Pampa showed the greatest contractions in the level of activity, related to the poor performance of the agricultural-livestock sector due to climatic conditions. In contrast, the steepest rises were in San Juan (due to the good harvest of vines) and Chubut (due to the greater production of oil).

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