Manufacturing IPI contracted
The National Institute of Statistics and Censuses (INDEC) reported that the FOOTWEAR AND ITS PARTS sector experienced a 13.4% decline in the manufacturing industrial production index. This figure corresponds to the first two months of the year, compared to the same period in 2023.
In its technical report, the organization also recorded a positive year-on-year variation of 1.1% accumulated for the TANNING AND LEATHER GOODS, EXCEPT APPAREL sector, according to data provided by the National Directorate of Economic Statistics, INDEC, and the Directorate of Mining, Manufacturing, Energy, and Construction Statistics.