Meanwhile, the activity in “Basic metal industries” rose 5.7%; “Furniture and mattresses, and other manufacturing industries”, 9.1%; “Metal products”, 6.5%; “Other transportation equipment”, 63.6%; and “Textile products”, 2.4%.
The only item that marked a decline was “Tobacco products”, with a drop of 17.4%.
what’s coming
Looking at what may happen in the coming months, the ACM consultancy warned: “With low temperatures there is a risk that the energy demand will not be fully supplied and this may affect the evolution of the indicator. As for the second half, some sectors are likely to be negatively affected by the new restrictions on imports. To this we have to add the economic and political uncertainty, which negatively affects decision-making by the agents of the economy”.
“We expect the industry to operate at levels lower than those of December 2021, with an average growth in the year of around 2.6% per year,” they pointed out from LCG, and remarked: “The greatest obstacles to the import of intermediate inputs and the decrease in private consumption and investment, derived from a scenario with greater economic and political uncertainty and an acceleration in the price level, will contribute to the lower performance during the second semester”.
For its part, as Ferreres pointed out when presenting its sector report at the end of June, the forecast for the rest of the year is “very modest”: “Although consumption is showing some improvement, the lack of dollars threatens to limit the access to imported goods and supplies required by the industry, to which is added the uncertainty of exchange, inflation and energy”.
Source: Ambito
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