Likewise, the UIA showed its concern for “the acceleration of costs, with inflation levels above 6% during the last four months“, and rises in interest rates that “begin to show a negative impact on private sector financing” which in October “shrank 12.7% in real terms, accelerating the fall compared to previous months.”
“Looking at the last months of the year, industrial activity will be conditioned by the future of the macroeconomic context, the supply of inputs and access to credit,” he completed.
sector by sector
In September The rise in the Automotive sector (+19.9%) stood out, driven by both sales to the domestic market and exportsalthough the sector was affected by the supply of tires.
Another sector that marked a rise was the production Metalworking, with an increase of 7.2%, with improvements in most subsectors. The rest, although it registered year-on-year increases, showed less dynamism compared to previous months, indicated the UIA in its report.
The sector of Non-metallic minerals (+4.5%)Although it was boosted by cement shipments, its rate of expansion slowed down.
It followed in order of percentage growth Oil Refining (+4%) and Basic Metals (+3.4%)in this last case with “a disparate behavior, with an increase in aluminum production although a drop in steel production,” he said.
Other sectors registered smaller increases, as was the case of Food and Beverages (+1.1%)with a heterogeneous situation, since “it registered increases mainly in some items such as coffee and to a lesser extent chocolates and fishing”, while “other items registered worse performances, such as the case of tea and the grinding of oilseeds”, remarked the UIA .
In a similar situation is the production of Papel and Carton, which slowed the rise to 0.6%with a smaller impulse for packaging paper.
Chemical Substances and Products registered a rise of 0.2%with a mixed situation in the interior, with a fall of 1% in Pharmaceutical Products.
Lastly, the industry Electronics registered a fall of 12.8%pushed down by cell phone production.
Source: Ambito
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