The sector had an improvement after the sharp fall of March. However, recovery shows an erratic dynamic.
The manufacturing industry bounced a 2.2% monthly in Aprilalthough he recorded his Second worse production since August last year. The recovery of the sector shows an erratic and heterogeneous dynamic between the different items.
The desestationalized series of Industrial Production Index (IPI) of INDEC He exhibited an improvement after the sharp fall of March, which had occurred in the midst of exchange uncertainty, prior to the agreement with the International Monetary Fund (IMF). However, the data failed to overcome that of February and you have to go back to July 2024 to find another lower figure (in addition to the last March).
“While domestic demand recovered in recent months, the industry is still loose because that Increase in demand is being supplied with more than with local production“Daniel Schteingart, Director of Productive Planning of Fundar.
The industry had an annual rebound, but still in “red” in the milei era
In interannual terms IPI grew 8.5%. However, it is worth noting that it was just April 2024 when the industrial crisis touched a floor, after the hard blow that had meant the devaluation of the late 2023 and the brutal adjustment implemented by the government of Javier Milei in its first months of mandate.
The items that most influenced this annual increase were Food and drinks (+7.8%), non -metallic mineral products (+27.3%) and furniture, mattresses and other manufacturing industries (+36.1%). Only two activities produced less than a year ago: chemical substances and products (-0.3%), and metal products (-7%).
Even so, the industry Follow 3.5% below the level prior to the arrival of Milei at Casa Rosada and 9.4% behind April 2023 (last peak).
Source: Ambito
