In addition, the automotive sector performed well throughout 2021 and is already above the activity levels of 2019, prior to the pandemic. In line with the evolution of the general average, metallurgical production in the provinces also accumulated increases, among which Córdoba (+26.3%), Santa Fe (+23.7%), and Mendoza (13.1%) stood out. ).
The province of Buenos Aires accumulated an increase of 18.8% and is also at levels higher than those of 2019. Likewise, in the subregions of Buenos Aires, “the AMBA closed the year with an increase of 20.4%, while than in the interior of Buenos Aires (+15.4%), the growth was lower than in the AMBA”.
By sectors, Adimra highlighted that “a generalized growth was maintained in all the items that nucleate the metallurgical activity, being Bodyworks and Trailers (+27.4%) and Agricultural Machinery (+26.8%), which closed the year with strong increases exceeding the levels of 2018 and 2019”. The remaining sectorsremained on a positive trend and are above 2019 levels,” and “companies linked to the mining and oil and gas sectors began to recover their level of activity during the last months of the year, registering year-on-year increases above the average, after being among the most affected sectors,” they highlighted.
Regarding the behavior of the level of employment in the metallurgical industry, during the year 2021 a growth of 3.5% was verified, and in the month of December the variation was +3.6% year-on-year. In addition, 17% of companies reduced overtime and only 4% reduced working hours, and “Short-term expectations show an optimistic outlook for the next three months, given that 37% of companies foresee an increase in their production level”, they pointed out
Source: Ambito
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