Excluding Ancap’s refinery, activity improved between April and June. Of 53 sectors, 30 increased their activity.
The industrial production, not including the refinery Ancap, improved its performance by 5.4% year-on-year during the second quarter, according to the Industry Diffusion Indicators report prepared by the Chamber of Industries of Uruguay (CIU).
However, if the branches in which the companies are located are not taken into account, Pepsi ZF, UPM and Montes del Plata, he Physical Volume Index (IVF) increased by 2.7% compared to the same period of the previous year, highlighted the survey on the industry.
Between April and June, the sector with the largest increase was Chemicals and plastics, with a 10% improvement in the second quarter, while pharmaceutical products was the branch with the greatest positive impact, with 27.8% of the total. Meanwhile, Other products It was the branch with the highest negative incidence (41.8%).
Most industry sectors increased their activity
Meanwhile, in times where the industrial exports were strengthened, the Industrial Production Diffusion Index showed that, out of a total of 53 sectors, 30 increased their activity while 23 decreased their production in the second quarter, compared to the same period in 2023.
Indeed, 56% of the sectors increased their production in year-on-year terms, while it reached 62% in the seasonally adjusted series.
The best performing groups were Chemicals and Plastics, Textiles, Clothing and Leather, Food, Beverages and Tobacco, Wood, Paper and Printing, which increased 10%, 8%, 7% and 5% respectively compared to the second quarter of 2023.
Meanwhile, Basic Metals and Non-Metallic Minerals and Metal Products, Machinery and Equipment decreased by 13% and 1% respectively.
At the same time, when analyzing the behavior of the employment In the industry using the same methodology, it can be seen that so far in 2024, there are more branches that have decreased jobs than those that have increased their employed personnel.
Source: Ambito
