In June, the manufacturing industrial production index (IPI) fell by 20.1% year-on-year. Meanwhile, the cumulative figure for January-June showed a decrease of 16.1% compared to the same period in 2023.
The industry fell 20.1% in June and accumulated 13 consecutive months of declines
In June, the index of manufacturing industrial production (manufacturing IPI) fell by 20.1% compared to 2023thus adding 13 consecutive months of falls. For its part, the cumulative figure for January-June 2024 showed a contraction of 16.1%, as revealed this Thursday, August 8, the National Institute of Statistics and Census (INDEC).
In June 2024, All 16 divisions of the manufacturing industry had year-on-year declines. In order of its impact on the general level, decreases were recorded in “Basic metal industries”, with 31.2%; “Food and beverages”, with 8%; “Machinery and equipment”, with 33.1%; “Wood, paper, publishing and printing”, with 24.2%; “Non-metallic mineral products”, with 35.6%; “Chemical substances and products”, with 12.3%; “Motor vehicles, bodies, trailers and auto parts”, with 32.2%.
“Other equipment, apparatus and instruments” were also found, with 37.4%; “Rubber and plastic products”, with 29.3%; “Furniture and mattresses, and other manufacturing industries”, with 36.3%; “Metal products”, with 20.7%; “Clothing, leather and footwear”, with 19.1%; “Textile products”, with 24.9%; “Tobacco products”, with 35.3%; “Other transportation equipment”, with 14.4%; and “Petroleum refining, coke and nuclear fuel”, with 1.2%.
Source: Ambito
