contracted 3.9% year-on-year in July

contracted 3.9% year-on-year in July

In July, The manufacturing industrial production index (manufacturing IPI) added its second fall in a row by contracting 3.9% in July compared to the same month in 2022. The accumulated January-July 2023, however, presents a slight increase of 0.5%, the INDEC reported this Thursday, September 7.


For his part, The seasonally adjusted series lost 1.2% compared to the previous month and the trend-cycle series index registered a negative variation of 0.5% compared to June.

Ten of the 16 divisions of the manufacturing industry presented year-on-year declines. In order to its incidence at the general level, falls were recorded in “Food and beverages”, 6.1%; “Machinery and equipment”, 13.5%; “Other equipment, devices and instruments”, 20.7%; “Basic metal industries”, 9.9%; “Wood, paper, publishing and printing”, 3.1%; “Non-metallic mineral products”, 3.9%; “Metal products”, 4.6%; “Motor vehicles, bodies, trailers and auto parts”, 2.8%; “Other transportation equipment”, 3.8%; and “Furniture and mattresses, and other manufacturing industries”, 0.4%.

For their part, the divisions of “Clothing, leather and footwear”, 15.7%; “Textile products”, 5.7%; “Oil refining, coke and nuclear fuel”, 3.6%; “Substances and chemical products”, 0.8%; “Rubber and plastic products”, 2.4%; and “Tobacco products”, 0.2%.

Source: Ambito

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