Despite the rebound, the IPI of Orlando Ferreres was the second lowest since September 2024. Salary stagnation and commercial opening can affect the sector.
The manufacturing industry rebounded 1.2% monthly in April, although it failed to recover all the loss of the previous monthaccording to a survey of the consultant Orlando Ferreres. The entity awaits a further face, although warns more risks than in previous months.
Despite the bouncing of the fourth month of the year, Ferreres’s Industrial Production Index (IPI) was the second lowest since September 2024according to the desestationalized series. “The industrial activity showed a rebound with respect to the March coup, which although it was not enough to recover the lost land, suggests that the March brake was a specific event, and that the manufacturing industry has space to continue growing for 2025,” the report remarked.
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Face forward, the consultant continues to estimate an expansion in the activity of the sector, although she assured that the risks have increased, since “Salary recovery stopped in recent months, affecting the recovery of demand and, in turn, the latest tariffs on imports, along with the exchange context, could harm specific sectors“
In annual terms the industry showed improvements, from a low floor
In interannual terms, the IPI climbed 3.1%, while in the first four -month period it accumulated a 4%increase versus the same period of 2024. However, it is worth highlighting the very low comparison base, since during the first half of last year the industry continued to accuse the hard blow generated by the devaluation of the late 2023 and the paralysis of public works.
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The main annual increases of the first four -month period were verified in non -metallic minerals (+14.3%), very tied to the dynamics of construction, machinery and equipment (+12.3%) and basic metallic industries (+5.3%). The production of food and drinks, refineries, and chemical and pharmaceuticals were also located above average.
At the other extreme, there were four activities that suffered setbacks so far this year; tobacco (-14.5%), paper (-7.5%), plastics (-7.3%) and textiles (-6.8%).
Source: Ambito
