Physical Address

304 North Cardinal St.
Dorchester Center, MA 02124

The use of installed capacity had its worst month since the pandemic


February 15, 2024 – 17:11

The utilization of the industry’s installed capacity ended in December of last year at 54.9%. This is the lowest level since June 2020, during the pandemic, when it barely exceeded 53%.

The items that are below the general level were rubber and plastic products, 46.5%; editing and printing, 44.2%; tobacco, 44%; automotive industry, 42.6%; textiles, 39.9%; and metalworking, 37.9%.

The use of the installed capacity of the industry It ended in December of last year at 54.9%, below the 66.4% of the last month of 2022, the National Institute of Statistics and Censuses (Indec) reported today. This is the lowest level since June 2020, during the pandemic, when it barely exceeded 53%.

Even the use of machines and tools in the manufacturing sector in December was below the level of November, when it reached 63.8%.

These figures are corroborated by the level of activity presented by the industry, since in December it fell 12.8% compared to the last month of 2022, and 5.4% compared to November.

The sectoral blocks that presented levels of utilization of installed capacity higher than the general level were oil refining with 85%; paper and cardboard, 67.3%; basic metal industries, 64.5%; non-metallic mineral products, 60.8%; chemicals and substances, 58.2%; and food and beverages, 57.4%.

cars-automotive-industry.jpg

The items that are located below the general level were rubber and plastic products, 46.5%;  print edition, 44.2%;  tobacco, 44%;  automotive industry, 42.6%;  textiles, 39.9%;  and metalworking, 37.9%.

The items that are below the general level were rubber and plastic products, 46.5%; editing and printing, 44.2%; tobacco, 44%; automotive industry, 42.6%; textiles, 39.9%; and metalworking, 37.9%.

The items that are below the general level were rubber and plastic products, 46.5%; editing and printing, 44.2%; tobacco, 44%; automotive industry, 42.6%; textiles, 39.9%; and metalworking, 37.9%.

In December 2023, compared to the same month of 2022, the main negative impact was observed in the metalworking industry except automotive, which presented a level of utilization of installed capacity of 37.9%, lower than the 54.6% registered in December. 2022, mainly as a result of the lower manufacturing of agricultural machinery, highlighted Indec.

According to data from the manufacturing industrial production index (manufacturing IPI), the manufacture of agricultural machinery registered a year-on-year drop of 50.7% in December.

A smaller number of units produced and sold of tractors, harvesters, self-propelled and trailed sprayers, seeders, and certain lines of implements were observed, the agency reported.





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *