He volume of industrial production had a year-on-year variation of 2.4%, despite the fact that oil refining fell by up to 98.2% compared to the same previous period, as a result of the closure for maintenance that is underway Ancap in the La Teja refinery.
The index number was established at 113.5 during that month, and the Ivfim registered an average accumulated variation of 1.4% between January-November 2023 and January-November 2022. In turn, the average variation of the last 12 moving months (December 2022-November 2023/December 2021-November 2022) was also 1.4%.
Division 19 “Petroleum Refinery” was the one that generated the greatest negative impact, impacting 5.9 percentage points (pp) less on the year-on-year total, as a result of the collapse of production after the stoppage of the refining plant.
Food and pulp production grew compared to 2022
At the other extreme, the division with the greatest positive impact was 10, “Manufacturing of Food Products”, with a variation of 18.1%, which meant an impact of 7.2 pp.
Within this division, an increase of 32.3% was highlighted in the “Meat Processing and Preservation” group, with an incidence of 9% within Division 10. In turn, the “Manufacturing of Other Food Products” group increased by 21.2% and had an impact of 8.9%.
In the order of positive impact, “Manufacturing of Paper and Paper Products” continues, with a variation of 29.4% and an incidence of 2.9 pp, driven mainly by the start-up of the plant. UPM Paso de los Toros (UPM 2).
On the other hand, the Index of Hours Worked by workers (IHT) registered a year-on-year variation of 2.6%, and the Index of Employed Personnel (IPO), a negative 0.3%.
Source: Ambito
