The industry suffered its fifth consecutive fall in October, although its downward march slowed

The industry suffered its fifth consecutive fall in October, although its downward march slowed

December 7, 2023 – 16:41

The tenth month of the year fell 0.8% year-on-year, while the previous month showed a decrease of 0.3%.

trend. The imbalance in the foreign exchange balance of auto parts companies amounted to US$4,349 million.

The Industrial production In October, the rise slowed to 0.8% year-on-year, although it recorded its fifth consecutive advance, as reported this Thursday by the National Institute of Statistics and Censuses (INDEC). Compared to the previous month, the industry decreased 0.3%.

In this way, the industry, within a very heterogeneous panorama, accumulated a decrease of 0.4% throughout the first ten months of the year.

In October 2023, ten of the sixteen divisions of the manufacturing industry showed year-on-year falls.

Meanwhile, falls were recorded in Food and drinks (-2.2%); Substances and chemicals (-2.5%); Refining of oil, coke and nuclear fuel (-5.9%); Motor vehicles, bodies, trailers and auto parts (-3.4%); Basic metal industries (-1.9%); Non-metallic mineral products (-2.4%); Wood, paper, publishing and printing (-1.4%); Other equipment, apparatus and instruments (-2.2%); tobacco products (-7.5%); and metal products (-0.5%).

For their part, the divisions of Clothing, leather and footwear (+8.1%); Textile products (+16.7%); Machinery and equipment (+4.6%); Furniture and mattresses, and other manufacturing industries (+2.9%); Other transportation equipment (+9.3%); and Rubber and plastic products (+0.2%).

Source: Ambito

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