Economic Data
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The peak performance in local economic dynamism during 2003/4 is also observed when analyzing other monthly economic indicators.

Therefore, either through the general economic indicators or those related to consumption and use of production supplies, economic dynamism proved to be more active than the average economies of other provinces in the country, based mainly on the impact of the export sector, confirming the “preliminary" data of aggregate accounts of Mendoza and Argentina:

General Indicator of Economic Activity: The pulse indicator of economic activity is represented by the tax collection amounts registered by the provinces.

As the chart shows, tax collection in Mendoza in 2003 grew faster than the average registration of the other provinces, indicating that assessed share payments in Mendoza increased at a higher level in relation to those of the rest of the provinces, assuming rate continuance and evasion.

Consumption Indicators: These indicators also show more relative dynamism as regards Mendoza’s economic activity in 2003, since Supermarket Sales and Retailer Sales grew at a rate higher than the average obtained by combining the rest of the country.

Indicators of Use of Production Supplies

The Job Market:
Employment recovery in Mendoza during 2003 grew to reach one of the highest rates of the main urban centres of the country. Greater Rosario is the only market in which employment grew at a faster pace than in Greater Mendoza.

Electric Power and Gas Demand:
These indicators are indirectly used to determine the evolution of industrial activity in the economy as they are closely related. Both the electric power or gas indicators clearly show higher dynamism of Mendoza’s economy than the average obtained by combining the other Argentine provincial economies.

According to the different indicators analyzed in the previous section, the economic revitalization produced in Mendoza in 2003 turned out to be significantly higher than the national one which brought about a change in the growth trend of the 90s. Several factors may have caused a greater dynamism in the local economy, but in our opinion, only two are the most relevant ones: the dramatic change in the economic context and the different productive structure Mendoza owns compared to the rest of the country.