As reported by INDEC this Wednesday, the sectors that were closer to their maximum potential were Basic metallic industries (86.9%), Non-metallic mineral products (81.5%), Paper and cardboard (79.5%), Petroleum refining (77.5%) and Chemical substances and products (73.6%).
Compared with November 2019, when the Covid-19 pandemic had not yet reached the country, the sectors that improved the most were Automotive (+21.5 pp), Basic Metals (+13.3 pp), Metalworking (+11 , 8 pp) and Non-metallic Minerals (+10.4 pp). Only Tobacco and Oil Refining operated below the level of two years ago.
The use of installed capacity is the second highest since the start of the series in 2016, being just 0.4 pp below the maximum that occurred in November 2017 (69.2%).
It is worth remembering that last week the INDEC reported that industrial production registered its best November since 2017. In this way, the activity of the sector was 15% higher compared to 2019.
In the accumulated of 2021, the industry grew 16.3% compared to the same period of 2020 and 6.4% versus 2019. Compared with two years ago, the most dynamic items were machinery and equipment (+ 51.7%) , other transport equipment (+ 42.7%, for motorcycles and naval) and automotive (+ 41.7%).
The Government’s projections based on the energy consumption of the factories show an expansion of close to 15% in December, against the same month in 2019. Consequently, 2021 would end with an industrial growth of close to 7% compared to the year prior to the pandemic.
Source From: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
