“The absenteeism produced by the wave of Covid-19 infections from the Ómicron variant affected the plants of the different sectors unevenly at the beginning of the month with a trend towards normalization. Some industrial plants faced power outages as a result of the heat wave in the middle of the month,” said Fiel.
Last month The growth ranking was headed by the production of paper and cellulose with a year-on-year improvement of 18.1%, followed by the production of chemicals and plastics (+6.4%), metalworking (+5.6%), textile inputs (+2.9%) and food and beverages (+2.3%).
The remaining branches of activity had a decline in the year-on-year comparison: oil processing (0.1%), non-metallic minerals (2.8%), cigarette shipments (4.3%), basic metal industries (16.5%) and the automotive block (18.5%).
“The industry could have gone through a short contraction after the recovery that began in the second quarter of 2020. The indicators that allow us to anticipate a phase change settled in a neutral interval in January”Faithful explained.
Regarding the short-term perspectives, Fiel pointed out that “The restrictions on access to foreign currency to sustain the supply of inputs will remain tight” and about this he said that “The most exposed sectors are those of chemicals and plastics, machinery and equipment, and the automotive industry with disparate realities between terminals.”
“A greater slack in access to foreign currency will be conditional on international agricultural prices, climate in Brazil, sustained demand from China and war conflicts involved, compensating for the cut in harvest volumes due to the drought in our country,” he added.
Source: Ambito
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