Investment announcements exceeded $ 30,000 million in 2018

The provinces with the most progress were Misiones (+ 200%), Entre Ríos (+ 125%), Salta (+ 100%), Catamarca (+ 85%) and Córdoba (+ 50%).

While the sectors in which the most concentrated the projects were oil and gas, transport and infrastructure and mining which together account for 65% of the total ($ 20,000 million), says the report.

He pointed out that in December 2018, investment announcements exceeded $ 5.7 billion, an amount that quadrupled from November, marking a strong recovery from the previous month. Since 2016, investments have been announced for more than 135,000 million US dollars.

In contrast, investment rose 2% in the first nine months of 2018 and was the most dynamic component of GDP.

"Although this indicator has shown greater momentum, especially in the first quarter of the year, exchange rate volatility has slowed since the second half of 2018, which has brought investors to wait for a more favorable scenario to continue their projects, "said Investment Monitor.

In this context, Francisco Uranga, director general of investments of the Argentine Agency for Investment and International Trade, said that "In 2018, some sectors maintained their momentum (oil, gas, renewable energy) and others began to show signs of reactivation, as is the case of the manufacturing industry. 39, agricultural origin ".

And he concluded by noting that "although last year was marked by macroeconomic and external factors that affected the pace of announcements in 2017, we are seeing a recovery trend towards the middle of this year".