According to the official statistics body, in June 2022, fourteen of the sixteen divisions of the manufacturing industry presented year-on-year increases. In order of their incidence at the general level, he highlighted that there were increases in “Clothes, leather and footwear”, 37.6%; “Machinery and equipment”, 18.3%; “Other equipment, devices and instruments”, 28.4%; “Basic metal industries”, 8.9%; “Food and beverages”, 1.9%; “Non-metallic mineral products”, 10.0% and “Motor vehicles, bodies, trailers and auto parts” 11.2%.
“Chemical substances and products” also grew, 3.3%; “Oil refining, coke and nuclear fuel”, 12.8%; “Furniture and mattresses, and other manufacturing industries”, 7.7%; “Rubber and plastic products”, 3%; “Wood, paper, publishing and printing”, 1.3%; “Other transportation equipment”, 11.8%; and “Textile products”, 0.2%. For their part, the divisions corresponding to “Metal products” showed falls, 6.4%; and “Tobacco Products”; 17.5%.
The manufacture of clothing, leather and footwear exhibited a year-on-year increase of 37.6% in June. In this framework, the manufacture of footwear and its parts, which presents the main positive impact, increased 61.2% year-on-year in June, due to higher sales of different types of footwear.
The main positive effects in the clothing division were observed in the segments of casual clothing, formal clothing and children’s and baby clothing. In the month under analysis, compared to June of last year, the rise in sales of formal wear and some footwear lines was driven by greater work presence and holding of events.
Likewise, sources consulted mention the increase in operations carried out through the Now 12 program, which allows consumers to purchase these products in 3, 6 and 12 fixed installments.
According to INDEC, the manufacture of agricultural machinery, which constitutes the main positive impact in the month under analysis, increased 20.1% year-on-year. The activity of the sector showed year-on-year increases in units sold of tractors, harvesters, seeders, self-propelled sprayers and some lines of implements.
In addition, the manufacture of general-purpose machinery in June exhibited inter-institutional growth.
industrial production indec June 2.PNG
annual growth of 19.6%, mainly explained by a higher production of air conditioners and equipment destined for the oil sector. The manufacture of appliances for domestic use grew 17.7% year-on-year in June.
The segments that present the main positive incidences are those corresponding to refrigerators, washing machines and hot water tanks.
Meanwhile, the steel industry, which showed the main positive impact, rose 5.4% year-on-year in June. The demand for steel products is driven mainly by higher orders from manufacturers of agricultural machinery and implements, the automotive industry, construction, the energy market and the home appliance sector.
Regarding the demand from the construction sector, According to the synthetic indicator of construction activity (ISAC), a year-on-year increase of 15.7% was registered in the internal consumption of round iron and steel for construction.
For its part, the division corresponding to food and beverages registered a year-on-year increase of 1.9% in June. The main positive effects correspond to soft drinks, waters, sodas, beers, juices to dilute, ciders and spirits and other food products.
The production of soft drinks, waters, sodas, beers, juices to dilute, ciders and spirits, in June exhibited a year-on-year rise of 13.9%. The segments for the production of soft drinks, still and sparkling water, spirits and bottled juices to dilute show year-on-year increases, while beer production shows a decrease.
According to the Argentine Chamber of the Non-Alcoholic Beverage Industry (CADIBSA), the volume of sales of soft drinks, still and sparkling waters, flavored waters, juices, isotonic and energy drinks, shows an interannual increase of 20.2%. In the case of spirits, according to data from the Argentine Federation of Distillates and Appetizers (FADA), the volume of production registered a positive year-on-year variation of 14.1% in June, mainly due to the increase observed in bitters, bitters and fernet .
In another order, the Indec highlighted that the production of beef in June registered a year-on-year increase of 6.3%. According to data from the Livestock Analysis Coordination of the Ministry of Agriculture, Livestock and Fisheries, the volume of beef destined for the domestic market –the main destination of national production–, measured by its apparent consumption, presented an interannual drop of 8 .7%.
Regarding foreign sales, according to the same source, the exported volume of bovine meat –measured in tons of bone-in beef– registers a year-on-year increase of 57.1% in June and represents 30.3% of beef production. .
The division of motor vehicles, bodies, trailers and auto parts shows an interannual rise of 11.2% in June. The production of motor vehicles, which presents the main positive impact in the month under analysis, increased 16.3% year-on-year.
According to data from the Association of Automotive Factories (ADEFA), in June 2022, there was a year-on-year increase in both the number of automobile units produced (40.1%), as well as utility vehicles (7.2%). The data corresponding to the evolution of the cargo and passenger transport segment is not mentioned by virtue of complying with statistical secrecy.
Finally, the Indec reported that the production of gasoline exhibited a year-on-year rise of 31% in June, with private motor vehicles being the largest consumption sector. According to data from the Ministry of Energy, in June sales to the domestic market increased by 33.8% year-on-year.
While diesel production showed a year-on-year rise of 10.5% in June. According to data from the Ministry of Energy, sales to the domestic market increased 10.1% year-on-year in June, due to higher sales to the general public, as well as to the freight and passenger transport sectors.
Source: Ambito
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