The use of the installed capacity of the industry in May was 68.4%, 6.9 percentage points more than the 61.5% of the same month last year, the National Institute of Statistics and Censuses (INDEC) reported on Wednesday. .
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The industry used 68.4% of its installed capacity during May 2022 https://t.co/lUUPNswelg pic.twitter.com/k9dO0LV62p— INDEC Argentina (@INDECArgentina) July 13, 2022
As for last April, the use of installed capacity in the manufacturing sector marked an increase of almost one percentage point, when comparing against the 67.5% of the previous month.
The sectoral blocks that presented levels of utilization of the installed capacity superior to the general were lto basic metal industry, with 85.8%; non-metallic mineral products, 81.4%; oil refining, 81.3; paper and cardboard, 78%; and chemical substances and products, 74.3%.
While, The sectoral blocks that were below the general level were Food and beverages, 64.8%; editing and printing, 61.7%; tobacco products, 61.5%; textiles, 59.5%; metalworking, 57.1%; automotive industry, 57.1%; and rubber and plastic goods, 55.4%.
This rise in the use of the installed capacity of the industry was correlated with the growth of manufacturing activity during May, which was 11.9% higher compared to the same month last year, although it fell 1.1% compared to april.
In the first five months of the year, industrial activity accumulated an increase of 5.7%, specified the Indec.
During May, fifteen of the sixteen divisions of the manufacturing industry presented year-on-year increases.
In order of their incidence in the general level, increases were registered in “Food and beverages”, 8.8%; “Clothing, leather and footwear”, 51.1%; “Non-metallic mineral products”, 20.2%; “Motor vehicles, bodies, trailers and auto parts”, 23.3%; “Wood, paper, publishing and printing”, 11.5%; “Machinery and equipment”, 15.8%; “Other equipment, apparatus and instruments”, 24.1%; “Chemical substances and products”, 4.2%; “Rubber and plastic products”, 11.6%; “Oil refining, coke and nuclear fuel”, 12.2%.
Meanwhile, activity in “Basic metal industries” rose 5.7%; “Furniture and mattresses, and other manufacturing industries”, 9.1%; “Metal products”, 6.5%; “Other transport equipment”, 63.6%; and “Textile products”, 2.4%.
The only item that showed a drop was “Tobacco products”, with a fall of 17.4%.
Indec also carried out its usual qualitative survey on expectations in the industrial sector, in which 35.2% of the companies consulted projected that internal demand will continue to grow until August inclusiveagainst 18.2% who forecast a decline.
Regarding exports, 25.1% of businessmen estimated that foreign sales will increase, against 16.6% who project a decline and the remaining 58.3% who maintained that there will be no important changes.
The indicator for the use of installed capacity in industry measures the proportion used, in percentage terms, of the productive capacity of the manufacturing sector.
The survey comprises a panel of between 600 and 700 companies and for its calculation, the maximum production that each sector can obtain based on technical criteria, such as the potential use of production plants, using the maximum number of shifts is taken into account. possible and the necessary stops for the proper maintenance of said capacity.
