utilization of installed capacity touched 68% in September

utilization of installed capacity touched 68% in September
November 16, 2023 – 00:09

The utilization of the industry’s installed capacity stood at 67.9% in September, below the 68.6% in the same month last year, the National Institute of Statistics and Censuses (INDEC) reported yesterday. The use of facilities, machines and tools in the manufacturing sector during September did not show major variations compared to August, it was indicated.

The figures on the use of installed capacity correspond to those recorded by industrial activity in September, which fell 3.6% compared to the same month last year, but rose 0.2% compared to August.

The sectoral blocks that presented levels of utilization of installed capacity higher than the general level are basic metal industries, with 85%; oil refining, 82%; paper and cardboard, 77.4%; non-metallic mineral products, 76.3%; chemicals and substances, 5.5%; and automotive industry, 68.6%.

The sectoral blocks that were located below the general level are publishing and printing, 62.4%; food and beverages, 62.4%; rubber and plastic 60%; textiles, 59.1%; Tobacco, 52.6%; and metalworking 51%.

In September 2023, compared to the same month in 2022, the main negative incidents were observed in food and beverages, strongly affected by the drought, and in the metalworking industry. Food and beverage products show a level of utilization of the installed capacity of 62.4%, lower than the 68.6% registered in September of the previous year, linked mainly to the lower grinding of oilseeds and the drop in the level of utilization of the capacity of beverage producing plants.

Source: Ambito

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