Activity plummeted almost 27% in January

Activity plummeted almost 27% in January

Exports of auto parts, meanwhile, registered an increase of 21.0% compared to January 2023, although when compared to December a drop of 2.6% was recorded.

He auto parts sector During the month of January 2024, it presented a drop in its activity level of 26.8% compared to December 2023. This was fundamentally due to the lower number of business days of activity as a result of the closure of auto parts and terminal companies due to the vacation break, closing the month with 11 business days of activity (versus 13 days in December).

All items linked to the Automotive Value Chain, and even the manufacturing industry as a whole, They showed falls during the first month of the year. Likewise, when comparing January 2024 against January 2023, a slight increase of 1.9% was recorded.

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Online, vehicle production decreased by 16.7% during January 2024 compared to the same period in 2023, closing the month with 22,643 units manufactured. When comparing the month of January against December 2023, a significant drop in 38.8% as a result of the usual holiday break during this month, as happened with auto parts, since this is the segment that most impacts the activity of said sector.

The auto parts exports, Meanwhile, they recorded an increase of 21.0% compared to January 2023, although when compared to December a drop of 2.6% was recorded. For the replacement market segment, when considering fuel sales as an approximate indicator of its level of activity, a drop was also observed for the month of January, which stood at 6.2% year-on-year.

Source: Ambito

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