The National Institute of Statistics (Indec) reported that the level of industrial activity registered an increase of 1.6% year-on-year in February. However, the level of activity was 1.6% lower than the previous month. In the manufacturing sector, eight of the 16 surveyed items grew year-on-year. The improvements registered in the headings 'Other equipment, devices and instruments' (+ 18.5%); 'Basic Metal Industries' (+ 16.4%); 'Machinery and Equipment' (+ 15.4%), and 'Non-metallic minerals' (+ 14.4%). On the other hand, construction rose 22.7% year-on-year in February. This was the fourth consecutive rise after 26 months of decline and the third consecutive increase above 20% year-on-year. The month-on-month comparison resulted in a 3.9% reduction compared to the first month of 2021.