Q2 Manufacturing Industry Growth despite Supply Difficulties: Insights by The Economist

2023-09-07 12:05:33
By The Economist| On 09/07/2023 – 13:07 | Share Illustration photo

Production in the manufacturing industry reportedly increased in the second quarter (Q2), despite supply difficulties. This improvement in production is explained by an increase recorded in the branches of “food industry”, “Manufacture of fabricated metal products, except machinery and equipment” and “manufacture of electrical equipment “, and by a drop in production in the branches of the “automotive industry” and the “paper and cardboard industry”, indicates the HCP. As for the sector’s order books, they were at a normal level according to business leaders. Furthermore, the number of employees employed would have remained stable, with a production capacity utilization rate (TUC) in the manufacturing industry which would have stood at 76%.

In Q2 of 2023, 31% of companies in the manufacturing industry would have encountered difficulties in the supply of raw materials, mainly those of foreign origin, also underlines the HCP. But the stocks of raw materials during this quarter would have been at a normal level and the cash would have been considered “difficult” according to 23% of the bosses. By branch, this proportion reaches nearly 27% in “food industries”.

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