The use of the installed capacity in the industry was located in 62.4% in Septembera lower level than the same month in 2023, which was 67.9%. In turn, against August it rose slightly from 61.3%, and marked a new maximum since the Javier Milei era, as reported this Wednesday the 13th, the National Institute of Statistics and Censuses of the Republic (INDEC).
Among the sectors that were located above the general level are oil refining oil (80.8%), basic metal industries (72.4%), paper and cardboard (68.3%), food and beverage products (68.2%), yessubstances and chemicals (65.7%), and non-metallic mineral products (64.2%).
Meanwhile, the sectoral blocks that are located below the general level are industry automotive (59.6%), editing and printing (56.1%), textile products (51.3%), rubber and plastic products (49.9%), tobacco products (48.7%), and metalworking except automotives (43.9%).
Sector by sector: how it fared
In September 2024, compared to the same month of 2023, The main negative impacts are observed in chemical substances and products and basic metal industries.
In September, the division corresponding to chemical substances and products presented a level of utilization of installed capacity of 65.7%, lower than that registered in the same month of the previous year (75.5%).mainly related to lower levels of production of plastic raw materials.
In September, basic metal industries presented a level of utilization of installed capacity of 72.4%, lower than that registered in the same month of the previous year (85.0%). According to data from the Argentine Chamber of Steel, Crude steel production presents a year-on-year drop of 17.1% in the reference month.
The metalworking industry except automotive registers a level of utilization of installed capacity of 43.9%, lower than that registered in September 2023 (51.0%), which is mainly linked to the lowest levels of manufacturing of agricultural machinery and household appliances.
Indeed, according to data from the Manufacturing Industrial Production Index (Manufacturing IPI), the manufacture of agricultural machinery registers a year-on-year drop of 19.9% in September and the manufacture of household appliances decreased 12.5% for the same comparison.
Rubber and plastic products presented a level of utilization of installed capacity of 49.9% in Septemberlower than that registered in the same month of 2023 (60.0%), as a consequence of the lower levels of manufacturing of plastic manufactures and tires.
The automotive industry shows a level of utilization of installed capacity of 59.6%, lower than that of September 2023 (68.6%), related to the smallest number of units manufactured by automotive terminals.
Non-metallic mineral products registered a level of utilization of installed capacity of 64.2% in September, lower than that of the same month of 2023 (76.3%), mainly as a result of the lower manufacturing of cement and other materials for the construction. According to data from IPI manufacturing, cement production presents a year-on-year drop of 18.9% in September.
Likewise, according to the synthetic indicator of construction activity (ISAC), Construction activity presents an interannual decrease of 24.8% in the month under analysis.
In September 2024, compared to the same month of 2023, it is observed a positive impact on food and beverage productswhich exhibit a level of utilization of installed capacity of 68.2%, higher than that registered in September of the previous year (62.4%), mainly due to greater milling of oilseeds. In this sense, according to data from the Ministry of Agriculture, Livestock and Fisheries, the production of soybean oil and by-products presents interannual increases of 115.1% in the reference month and 44.3% in the January-September period of the year. current year.
Source: Ambito
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