Detailed analysis of the behavior of public services in Santa Fe

Detailed analysis of the behavior of public services in Santa Fe
Detailed analysis of the behavior of public services in Santa Fe

Thursday 5/23/2024

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Last update 9:06

On January 7, 2023, the province of Santa Fe introduced an expanded version of its Public Services Index (PSI). This update included new sectors such as Passenger Transportation, Cargo Transportation and Tolls, in addition to the traditional Electricity, Gas and Water sectors. This adjustment seeks to offer a more comprehensive and precise vision of the behavior of public services in the region. Below are the main figures and trends observed in the ISP from January 2023 to February 2024.

General analysis of the public services index

In February 2024, the Santa Fe ISP showed a positive variation of 3.6% compared to the same month of the previous year. This increase underlines significant growth in some key sectors, despite monthly fluctuations. In seasonally adjusted terms, the index registered an increase of 4.6% compared to January 2024, indicating a considerable monthly increase. However, the trend-cycle index showed a decline of 0.7% compared to February 2023, suggesting that, in the long term, the overall trend still faces challenges.

Public Services Index

Performance by sectors

The Electricity, Gas and Water sector recorded a notable increase of 8.4% in February 2024 compared to February 2023. This growth can be attributed to increased demand for these essential services, possibly driven by an increase in economic activity and demographic growth in the region.

On the other hand, the Passenger Transport sector experienced a significant drop of 12.3% compared to February 2023. This decrease may reflect a variety of factors, including changes in transport preferences, a possible increase in the use of vehicles private, or operational challenges within the public transport sector.

Freight Transportation showed a growth of 5.5% in February 2024 compared to the same month of the previous year. This increase suggests greater activity in commerce and industry, driving a greater need for freight services.

The Electricity, Gas and Water sector registered a notable increase in February 2024. Credits: Flavio Raina

The Toll sector, however, saw a decrease of 6.4% in February 2024 compared to February 2023. This decrease could be related to a reduction in vehicle traffic or changes in toll and rate policies.

Seasonally adjusted monthly performance

In seasonally adjusted terms, it was observed that the Electricity, Gas and Water sector recorded an increase of 7.5% in February 2024 compared to the previous month. This increase reflects a sustained and growing demand for these services. However, Passenger Transportation fell 4.0% in the same period, which reinforces the downward trend observed in the year-on-year comparison.

Freight Transportation, for its part, increased 1.1% in seasonally adjusted terms in February 2024 compared to the previous month, indicating a continuation of growth in demand for logistics services. Tolls experienced a 1.7% drop, which may be related to seasonal variations or changes in travel patterns.

The Electricity, Gas and Water sector registered a notable increase in February 2024. Credits: Guillermo Di Salvatore

Trend-Cycle Index

Trend-cycle index analysis provides a more long-term view of fluctuations in utilities. In February 2024, the general index showed a decrease of 0.7% compared to the previous month, with the Electricity, Gas and Water sector increasing by 0.1%, while Passenger Transport contracted by 4.0% . Freight Transportation grew significantly by 5.6%, and Tolls registered a slight decrease of 0.6%.

Annual comparison by services

Throughout 2023, the ISP showed considerable variations in all sectors. In January 2023, the general index recorded an increase of 5.5% compared to the same month of the previous year, but showed a significant drop in the following months. In December 2023, the ISP fell 12.9% compared to December 2022, reflecting the economic complexities and challenges faced during the year.

The Electricity, Gas and Water sector experienced notable fluctuations, with a growth of 26.4% in March 2023, followed by a drop of 14.9% in December 2023. Passenger Transportation showed a constant decreasing trend, with a drop of 5.9% in December 2023 compared to the same month of the previous year.

 
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