In December, the manufacturing IPI contracted 12.8% compared to the same month in 2022. The accumulated January-December also decreased 1.8% year-on-year.
The industry collapsed in December: it fell 12.8% year-on-year
Industrial activity fell sharply in December, when contracting a 12.8% year-on-yearThe National Institute of Statistics and Censuses (INDEC) reported this Tuesday.
In the last month of last year, the seasonally adjusted series index showed a negative variation of 5.4% compared to the previous month and The trend-cycle series index registered a drop of 0.6% compared to November
Industry: which were the most affected sectors
In December, 14 of the 16 manufacturing industry divisions presented year-on-year declines.
Sorted according to their incidence at the general level, falls were recorded in “Machinery and equipment”, 36.3%; “Food and beverages”, 7.8%; “Basic metal industries”, 25.4%; “Other equipment, devices and instruments”, 42.2%; “Substances and chemical products”, 9.2%; “Furniture and mattresses, and other manufacturing industries”, 26.6%; “Metal products”, 16.2%; “Clothing, leather and footwear”, 13.1%.
“Wood, paper, publishing and printing” also registered strong contractions, 7.8%; “Non-metallic mineral products”, 9.3%; “Motor vehicles, bodies, trailers and auto parts”, 2.2%; “Rubber and plastic products”, 2.1%; “Textile products”, 2.5%; and “Tobacco products”, 10.8%. For their part, the “Other transportation equipment” divisions showed increases, 11.8%; and “Oil refining, coke and nuclear fuel”, 0.4%.
Source: Ambito
