The best performance was achieved by items such as beverages, pharmaceuticals, and cellulose, according to the latest INE report.
The Industrial production that records month by month the National Statistics Institute (INE) was located in May in 0.9% above its level of the same month last year, so that, in the annual accumulated, the increase in industrial production is a modest 0.8% compared to the same period of 2022, although it is marking a maximum for the last decades.
The sectors of the industry that had the best performance in the accumulated of the year are the industry of the drink, with an increase of almost 10%, the industry pharmaceutical, with an increase of 8.5%; the pulp industry, which had a rise of 6%; and also the production of beverage concentrates in the Cologne Free Zone, which increased almost twenty%.
Conversely, industrial sectors such as tanneries they had a fall 16%, while the industry refrigerator it fell 18.5% and industry production also plummeted Automotive, in a 25%, according to INE data.
Industrial employment accumulates a fall of 1.4% so far this year
As regards industrial employment, in May there was a decline of 0.6%, therefore, it accumulates in the year a drop in 1.4% Since output holds up or even rises slightly while employment falls, it follows that industrial employment productivity continues to rise strongly, although without substantially improving the number of Job positions.
Industrial production is expected to affirm growth with the contribution of the second pulp mill in UPM, that already exported 72,000 tons pulp in June and will be at full capacity in a few days. When it is working at full it will produce 2.1 million tons of cellulose per year, some 175,000 per month.
Source: Ambito
