Metallurgical activity grew 8.1% in July

Metallurgical activity grew 8.1% in July

Factory Neba Industry Installed Capacity Worker Earnings Metallurgical Work Salary Employee SME

Ignatius Petunichi

Regions

At the regional level, the survey observed a generalized increase in the provinces of Santa Fe (+11.4%) and Between rivers (+14.9%). Both performed well.

While, Cordova (+11.3%) once again recorded a strong increase in year-on-year terms and the province of Mendoza (+7.7%) continues to recover its production level.

On the other hand, the activity in the province of Buenos Aires (including CABA) presented an increase of 5.7% compared to July 2021, due to an increase of 6.2% in the AMBA and 4.8% in the interior of the province.

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Business Boost

sectors

At a sectoral level, increases were also recorded in year-on-year terms, and the ones that drove the most upwards were bodies, trailers Y semi-trailers (+16.5%), Capital goods (+12.2%) and Foundry (+10.8%), registering increases above the general average.

The sectors of auto parts (+7.4%) and Farm Equipment (+3.5%) recorded lower growth in year-on-year terms.

In addition, according to the business entity, the level of employment presented an increase of 2.5% in July in relation to the same month of 2021.

Likewise, in relation to production expectations, the report states that “a more optimistic view was recorded compared to the previous month and 33% of businessmen foresee an increase in their production”.

Source: Ambito

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