For the first time this year, the composite index has seen a significant increase month-on-month. It remains lower in the year-on-year comparison, in this case, July versus July.
The Portland Cement Manufacturers Association made public the provisional monthly statistics corresponding to July 2024, where a 25.9% increase in the number of shipments and consumption, compared to June of this year. Just over 913,000 tonnes were sold. This is 14.4% less than the 1,067,000 that had been shipped in the same month of 2023.
The cumulative, that is, the amount of cement sold so far this year, It is 28.4% down compared to the first seven months of 2023.
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Its about third month of growth in shipments of the year, after a slight rise in April and a stronger one in May. The remaining four months have been in inter-monthly decline and the entire year 2024 is below what was done in 2023. Projecting the comparison backwards, this month of July 2024 only surpassed in shipments that of 2020 during the pandemic, having shipped more cement in the months of July 2019, 2021, 2022 and 2023.
This, let us remember, is reflected in the party’s economy in multiple ways. In the public face, by the Quarry Exploitation Tax, which is collected by sworn declaration from cement companies, among other taxpayers, but also, in the daily life of citizens, due to the fact that a large part of the Industrial workers in Olavarría depend directly or indirectly on cement and construction.
Source: Ambito
