There were six sectors that increased the use of their installed capacity. The most prominent were the automotive, chemical and metal-mechanic industries.
The industrial activity registered a 0.7% growth in March compared to the same month of the previous year and 0.3% against February of this year, according to the index advance made by the Production Studies Center (CEP XXI), which takes energy consumption on the basis of CAMMESA. In this way, the first quarter of this year was the one of higher level of industrial activity of the last five years.
Based on this estimate, in the period January-March 2023the industry grew 1.9% in relation to the first quarter of 2022, which places it in a 11.4% above pre-pandemic (January-March 2019).
industry
The secretary of Industry and Productive Development of the Nation, Jose Ignacio of begassured that “despite the problems we are going through and that we recognize, these numbers show in a concrete way that the path is the aheance that we seal the production and the job. The industrial activity grows and the investment is in his maximum peak in 14 years because companies believe in the future of Argentina. This is the course that we have to strengthen and deepen”.
Utilization of installed capacity
For her part, the utilization of industrial installed capacity (UCII) grew again in year-on-year terms in February. According to him INDECthe UCII was 65% in said month, that is, 1 pp above the same month of 2022 and 6.5 pp above February 2019. In this way, it was the February with the highest UCII since at least 2016 (beginning of the series).
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In the first two months of 2023, the use of the industrial installed capacity averaged the highest level in seven years. This record implied a growth of 2.8 pp compared to the same period of 2022 and 6.2 pp compared to the first two months of 2019.
Compared to January, six sectors increased the use of its installed capacity. The most notable incidents were Automotive industry (5pp), chemicals (1.5 pp) and metal mechanics (1.3%).
Source: Ambito
