The industry used 62.3% of his installed capacity in November. This figure is below that recorded the same month in 2023, which was 66.4%, and is also lower than that of October 2024 when it had recovered slightly to 63.2%, as reported by the National Institute of Statistics and Censuses (INDEC).
Sector by sector, how the industry fared
The sectoral blocks that presented levels of utilization of installed capacity superiors At the general level they were refining the oil (82.1%), paper and cardboard (68.6%), basic metal industries (67.2%), food products and drinks (66.9%), chemicals and substances (66.1%), and automotive industry (64.7%).
The industry sectors that were located by below of the general level are non-metallic mineral products (60.6%), editing and printing (53.0%), metalworking except automotive (50.0%), textile products (48.2%), tobacco products (47.6%), and rubber and plastic products (46.8%).
“In November 2024, compared to the same month of 2023, The main negative impact was recorded in the basic metal industries, which presented a level of utilization of the installed capacity of 67.2% in the month under analysis, lower than that registered in the same month of the previous year (79.4%).“, explained INDEC.
In this sense, according to data from the Argentine Chamber of Steel, in November crude steel production presented a year-on-year drop of 18.1%.
The products of rubber and plastic In November, they had a level of utilization of installed capacity of 46.8%, lower than that registered in the same month of 2023 (56.8%), as a result of the lowest levels of manufacturing of plastic manufactures and tires.
The non-metallic mineral products In November they had an installed capacity of 60.6%, lower than the same month of 2023 (74.3%), due to a minor manufacturing of cement, glass and other construction materials.
According to data from Manufacturing IPIthe production of glass and glass products and the production of cement presented interannual falls of 20.4% and 15.6%, respectively, in the month under analysis. Also, according to According to the Synthetic Indicator of Construction Activity (ISAC), construction activity presented an interannual decrease of 23.6%.
The automotive industry showed a level of utilization of installed capacity of 64.7%, lower than that of November 2023 (68.3%), related to the lower number of units manufactured by automotive terminals.
In November of 2024, compared to the same month of 2023, Food and beverage products showed a positive impact, with a level of utilization of installed capacity of 66.9%higher than that registered in November of the previous year (65.2%), mainly due to greater grinding of oilseeds.
In this sense, according to data from the Ministry of Agriculture, Livestock and Fisheries (SAGyP), the production of soybean oil and by-products presented an interannual increase of 81.1% in the reference month.
Source: Ambito
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