The biggest rise in year-on-year terms was in the Paper and Cardboard division (+11.0 pp), followed by Chemicals (+10.2 pp) and Publishing and Printing (+7.1 pp).
Meanwhile, Automotive recorded the largest drop (-8.9 pp), affected by technical stoppages and vacations that this year took place to a greater extent in January, unlike the previous year, which had a fundamental impact in February.
For its part, Food and beverages registered its first drop after 12 months of growth (-1.5 pp), mainly due to a lower use of installed capacity in oilseed crushing plants (due to a high comparison base in January 2021 after the normalization of the activity after the union force measure of December 2020) and in the production of dairy products.
It is worth remembering that last week the INDEC reported that industrial production contracted in January by 0.3% annually and 5.5% monthly.
The decrease in this sector that drove the recovery of economic activity in 2021 was explained by several specific issues that occurred at the beginning of the year, such as the high absenteeism due to the resurgence of covid-19 infections, the aforementioned technical stoppages, rains that affected items related to construction, and power outages that mainly impacted the steel industry.
According to estimates from the Center for Production Studies (CEP), preliminary data for February indicated an improvement of close to 4% year-on-year in production.
Source: Ambito
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