In second place was the sector Automotive (+14.8%)although with a disparate behavior highlighted by the UIA, due to the fact that “sales to the domestic market of national vehicles registered an expansion while exports pulled downwards”.
There was also an increase in the sector of Basic Metals (+10.1%)driven mainly by the production of aluminum and, to a lesser extent, steel.
Other sectors showed less dynamism, with lower year-on-year increases, such as Petroleum refiningwhich registered a rise of 5%, followed by production Metalworking, with an increase of 2.3%, and Chemical Substances and Products (+1.7%) with an increase of 2% in the manufacture of pharmaceutical products.
Another sector with low dynamism during the month was Paper and paperboardwith a rise of 1%, with a lower boost from packaging papers, as well as Food and Beverages (+0.3%), with a heterogeneous situation in the interior: it registered increases mainly in some items such as spirituous beverages and oilseed milling, but a poor performance in the production of chocolate, tea, wine, cold meats, rice and dairy products.
The Non-metallic Minerals sector registered a drop of 3.1%, due to less dynamism in the construction sector, reducing the level of sales of inputs for the sector.
What is the estimated figure in December
Regarding the provisional data for December, the UIA maintained that they “show a mixed situation”, with slight improvements in the demand for electricity from Large Industrial Users (+0.3%), but falls in sectors related to construction.
Regarding foreign trade, November had for the third consecutive month a surplus in the trade balance of goods that reached US$1,339 million, with increases of 14.5% in exports.
Exports of manufactures of industrial origin registered a rise of 11.8%, while those of agricultural origin increased 18.9%, while imports continued to slow down and registered the first year-on-year drop in the last two years (-0, 3%).
“For the coming months, the industry faces a series of challenges,” said the UIA, referring to “the shortage of some inputs for production,” in addition to inflation that “although it shows a slowdown compared to the March-October period , continues at high levels.”
Source: Ambito
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