“In a context of fiscal adjustment and difficulties to import, and with the oil industry still operating at a low level, the level of the industry exhibited in the eighth month of the year is 0.7% lower than it was in January,” added the consultant.
According to the industrial production indicator prepared by that center for economic studies, “the year-on-year edition of the original series saw a growth of 6.4%, accumulating an advance for the year of 5.2% in relation to the same period last year. “.
Among the different industrial sectors, the one that grew the most in August was Machinery and equipment, which registered an expansion of 22.8%, while the one with the greatest negative impact was food.
The survey forecasts for the remainder of the year that “the current negative trend will continue, although the industry would close the year with a higher advance than general economic activity.”
According to the consultant’s indicator, the Food sector registered “a drop of 0.9% year-on-year and the oil complex continues with a low level of production, recording an annual contraction of 7.0%, thus remaining negative for all the months that have elapsed of the year”.
It adds that the Automotive sector accumulates between January and August an advance of 20.2% when compared to the same period of the previous year and that of Non-metallic Minerals, linked to construction, registered a rise of 7.1% year-on-year and accumulates a rise 6.7% for the first eight months of the year.
The Basic Metal industry sector improved by 4.8% year-on-year and an advance of 0.8%, since last December, concludes the consultant’s report.
Source: Ambito
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