The activity of the factories in June returned to the level it had in November 2023, that is, at the beginning of Javier Milei’s government, according to data from The Argentine Industrial Union (UIA).
After 20 months, local factories They returned to the starting point, after fiscal adjustment carried out by the government, to which Add import facilitation and exchange rate delay.
“June data indicate a rise from industrial activity around 12% year -on -year and monthly compared to May 1% ” affirms in your last report andl Center for Economic Studies of the UIA (CEU).
The report adds that “with these data, the industry It is located on average at November 2023 ”levels. “However, still It is below June of that year (-11%) “says the CEU.
The Studies Center states that “the anticipated data of the month indicate a year -on -year recovery, largely due to the low level of 2024 ”.
The entity warns that the improvement occurs within the framework of high heterogeneity. Among the sectors that presented a good monthly productive performance, those linked to grinding appear.
A monthly rise in the segment linked to construction with cement offices, that increased 4.9%, although even with a limited productive level, since there are more than 20% below the same period of 2023.
On the contrary, the Automotive item fell 10.9% compared to May, having two days less activity; as well as the patented industrial machinery (-27%) fell in the month. For its part, the production of Drinks dropped 12% compared to May.
To a lesser extent, he registered a Lower the consumption of electricity of large industrial users (-1.2%), with a low demanded level (- 9.6% compared to June 2023).
As 2024 was a year of low activity, One of the relevant comparisons is against the same month of 2023. In that case, the production of Cementos fell 24.7%; cars, 19.9%; Energy consumption, 9.6%; Industrial machinery patents, 9.9%; Imports from Brazil, 17% and drinks production, 18%. On the other hand, only two years show the settlements of agribusiness, with 134%, and exports to Brazil, with 18.5%.
Imports in the last two years were fired 32%
The report indicates that “During the first semester of the year, imports of consumer goods reached US $ 5,268 millions “. “This marks one 32% rise against 2023when industrial production registered a 10% drop in the same period, “adds the CEU report.
Another of the imported items that scored a considerable increase were the Assets dispatched through postal services (Courier), which registered an expansion of 42% against 2023.
Source: Ambito
