The Utilization of Industrial Installed Capacity (UCII) in January was 62%, which represents an increase of 4.5 percentage points (pp) year-on-year and 5.9 pp compared to the same month of 2019.
The Use of Industrial Installed Capacity (UCII) in January it was 62%, which represents an increase of 4.5 percentage points (pp) year-on-year and 5.9 pp compared to the same month of 2019, according to data from the National Institute of Statistics and Censuses (INDEC). This is the highest level for a month of January in the last seven years.
Compared to December, the UCII increased 0.3 pp (without seasonality). In this way, it grew for the second consecutive month in the month-on-month. In 2022, the UCII averaged the highest level since at least 2016 (beginning of the series). This record implied an expansion of 3.3 pp compared to 2021 and 7.1 pp compared to 2019.
“The industry is at a time of high production as a result of our conviction about the importance of the sector for the entire economy. Without a doubt, we are going through a complex situation, but we work every day to solve each problem and accompany the productive areas that are experiencing the most difficulties. We are taking concrete measures to maintain the level of activity, promote exports and generate more employment”, highlighted the Secretary of Industry and Productive Development, José Ignacio de Mendiguren.
WhatsApp Image 2023-03-19 at 11.08.19 AM.jpeg
Of the 12 industrial sectors surveyed, 11 were above January 2022. Among the most prominent were basic metal, metal mechanics, and food and beverages with increases of 16.4 pp, 4.2 pp and 1.9 pp, respectively. The sector that registered a slight decrease was that of chemicals, with a decrease of 1 pp
In the same way, the last month of January also registered a month-on-month rise in the use of installed capacity in the industry of 0.3 pp compared to last December. It is the second consecutive month that there is growth in the UCII. The sectors with the highest month-on-month growth were basic metal and publishing and printing, with increases of 4.7 pp and 7.2 pp respectively.
WhatsApp Image 2023-03-19 at 11.08.20 AM.jpeg
Likewise, 2022 was the year with the highest level of UCII since at least 2016 (beginning of the series), with a total of 66.5%. This record implies an expansion of 3.3 pp compared to 2021 and 7.1 pp compared to 2019.
Source: Ambito
