2023-11-10 19:03:14
Metallurgical activity registered a decrease of 1.6% in September compared to the same period last year, which adds up to four falls in year-on-year terms so far this year.
This was indicated this Friday in a report from the Association of Metallurgical Industrialists of the Argentine Republic (Adimra). Compared to August, activity showed a contraction of 0.6%.
In the accumulated year, metallurgical activity remains in positive territory, but with barely 0.3% growth, which implies stagnation in real terms.
For the month of October, Adimra’s estimate – according to the advance production index – is that activity will register another contraction in the order of 1.5% to 2%.
This is linked to the problems faced by different industries that had to slow down their production due to lack of imported inputs, such as vehicle and agricultural machinery manufacturers.
Results by category
Broken down by category, these are the sectors of metallurgical activity that registered growth:
- Medical equipment: 4.8%.
- Electrical equipment and appliances: 4.2%.
- Other metal products: 2.9%.
For their part, these were the ones that ended in red:
- Capital goods: -2.0% (its first drop in the year).
- Auto parts: -2.1%.
- Bodies and trailers: -3.4%.
- Foundry: -4.8%.
- Agricultural Machinery: -17.3%.
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