The data were published by CEP XXI through the October Productive Panorama report. The survey showed that according to the IPI-Cammesa numbers, taken on the measurement of a thousand factories, the strong growth in energy consumption was reported, reaching 14.7%, compared to 2019 levels. The sector recovered very quickly , even in comparison with the rest of the countries of the world.
The report indicated that the recovery “has a favorable impact on the industry, since from there it is possible to expect a higher disposable income for families.”
He also remarked that “the gradual normalization of activities will go hand in hand with a change in the profile of consumption, where services will regain the lost role in 2020”.
As a negative aspect, the lack of semiconductors was indicated, a factor that could play against since it will determine what happens to happen with industrial activity, especially in the automotive sector.
Despite the third trimester ups and downs, the result was not good for the industrial sector. Anyway, if you compare it with the second wave of the second quarter, it will end up showing some growth. If the 1.4% published by CEP XXI is verified in the INDEC manufacturing IPI data, the average for the period will have registered a rise of only 0.8%.
2021 was a year of growth, beyond the improvement of between 14% and 15% that is projected in the comparison against the average of the terrible 2020. In September all the industrial branches consumed more energy than in the same month of 2019, which shows that the growth was very widespread in the sector.
Those who pulled were the steel industry and non-metallic minerals, hand in hand with the growth of spending on public works in particular and construction in general, since they are supplier industries. It also pulled the metalworking, in particular the automotive.
The steel industry had its best September since 2011 and grew 14.9% compared to the same month of 2019. Metalworking broke a record since 2015 and rose 17.4%. The automaker had its best month since August 2018 and grew 57.2%. Non-metallic minerals had a month that climbed to the historic podium and rose 7.9%.
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
