Meanwhile, industry has fallen by 2.1%, while construction shows a growth of 6.4%, thanks to activities in the first months.
According to the monthly industrial estimator (EMI), released in the month of Indec, the food industry – which has the highest incidence within the appraiser – presented a contraction of 3.2% over the same month last year. Within this sector, grinding of cereals and oilseeds had a contraction of 8.8%.
The automotive sector, which picked up 10.3% yoy in the first nine months, dropped by 15.7% in September due to reduced domestic demand and falling exports to Brazil.
The factors that the agency gives to the decline are: "On the one hand, lowering the level of automotive terminal activity, on the other hand, there is a lower demand on the replacement market, the internal fall in demand for automotive tires as well as large covers for agricultural machinery and trucks, Export, measured in physical units, decreased by 35.2% in September compared with the same month this year.
Of the 12 industrial blocks measured by Indecom, they all suffered a contraction of minus metal, which increased by 2.7%. On the other hand, the most significant sectors were the textile industry (-24.6%), printing and printing (-21.6%), the metalworking industry excluded the automotive industry (-20.5%), rubber and plastic products (-20 , 4%) and tobacco industry (-15.8%).
The following are the automotive industry (-15.7%), oil refining (-11%), processing of paper and cardboard (-8%), chemical and product development (-4.7%), foodstuffs industry (-3.2%) and non-metallic mineral products (-3%).
Construction also falls
As far as the construction sector is concerned, the synthetic indicator of construction activity (ISAC), which also measures Indec, pointed to the worst decline since February 2017. Input data for construction in September show, with respect to the same month last year was increased by chewing by 12.7%, while the rest of the input (11.3%, including taps, seamless steel tubes and glass for construction).
In the meantime, the tin decreases 13.8%, Portland cement 10.6%, hollow bricks 9.4%, paint for construction 5.4%, 5.4% flooring and ceramic coatings, 4, 7% in treated concrete , 3.8% in granite and limestone mosaics, 3.5% in ceramic sanitary ware, 1.9% in asphalt, 1.1% in gypsum boards and 1% in round iron and steel construction