The use of the installed capacity of the industry increased during November until the 68.9% compared to 68.4% in the same month last yearreported this Wednesday the National Institute of Statistics and Censuses (Indec).
In addition, the use of machines and tools in the manufacturing sector during November was above 66.7% of that registered in October, reported the agency.
These variations were correlated with the level of industrial activity, which grew 1.4% during November compared to the same month last yearand 0.8% in relation to October.
Given an average use of 68.9% in the installed capacity during November, the sectoral blocks that presented levels higher than the general level were basic metal industries with 86.8%, non-metallic mineral products, 80.7%; petroleum refining, 79%; chemical substances and products, 74.4%; and paper and cardboard, 73.4%.
industry by industry
The sectoral blocks that were located below the general level were food products and beverages with 68.2%; automotive industry, 66.2%; tobacco, 65.7%, publishing and printing, 59.2%; rubber and plastic, 56.6%; textiles, 56.3%; and metal mechanics 54.3%.
In November, 10 of the 16 items of the manufacturing industry presented year-on-year increases.
#DataINDEC
The industry used 68.9% of its installed capacity during November 2022 https://t.co/6wKm3LyIIU pic.twitter.com/PqCE3BMjJc— INDEC Argentina (@INDECArgentina) January 11, 2023
In order to its incidence at the general level, there were increases of 8.6% in “Clothing, leather and footwear”; 5.6% in “Basic metal industries”; 7.3% in “Automotive vehicles, bodies, trailers and auto parts”; 9.4% in “Other equipment, devices and instruments”; 6.9% in “Metal products”
Interannual increases of 0.8% were also recorded in “Food and beverages”; 3% in “Non-metallic mineral products”; 4.7% in “Oil refining, coke and nuclear fuel”; 0.9% in “Chemical substances and products”; and 7.4% in “Tobacco Products”.
On the other hand, falls of 6.4% were observed in “Wood, paper, publishing and printing”; 4.2% in “Machinery and equipment”; 3.6% in “Rubber and plastic products”; 4.6% in “Textile products”; 1.5% in “Furniture and mattresses, and other manufacturing industries”; and 1.4% in “Other transport equipment”.
INDEC also consulted businessmen about how they expect domestic demand to evolve up to and including February and 26.7% of those surveyed estimated that it would decrease against 25.5% who anticipated an increase, while the remaining 47.8% did not anticipate changes.
INDEC ? Industrial activity grew 1.4% in November https://t.co/if0BuBzaQL
– Telam Agency (@AgenciaTelam) January 5, 2023
Regarding exports, 19% of those consulted estimated that they will increase, against 18.2% who anticipated a decline, while the remaining 62.8% did not envision major changes.
Regarding the construction sector, among those who are mostly dedicated to private works, 21.3% estimated that it will decrease until February, against 8.7% who anticipated an increase, while the remaining 70% considered that there will be no major changes.
Meanwhile, among those dedicated to public works, 30.3% anticipated a retraction, against 23.6% who considered that the activity would increase, and 46.1% who did not foresee major variations.
The presidential spokesperson, Gabriela Cerruti, highlighted “the drop in unemployment, the drop in inflation and record exports” as achievements of the economic management in 2022.
“There was no adjustment, employment grew and we are going in 2023 for the objective of lowering inflation and raising wages,” Cerruti said during a press conference held this Wednesday at the Casa Rosada.
