He National Institute of Statistics and Censuses (INDEC) reported this Wednesday that in March the manufacturing industrial production index It had a drop of 21.2% compared to the same month in 2023.
Compared to the previous month, The industry had a decline of -6.3%. The accumulated figure for the first quarter of 2024 presents a decrease of 14.8% compared to the same period in 2023.
Fall in activity, sector by sector
In March 2024, all sixteen divisions of the manufacturing industry presented year-on-year declines. In order to its impact on the general level, falls were recorded in “Food and drinks”-14.2%; “Machinery and equipment”-37.9%; “Basic metal industries”-34.0%; “Non-metallic mineral products”-35.8%; “Other equipment, apparatus and instruments”, -42.8%; “Wood, paper, publishing and printing”, 19.3%.
“Furniture and mattresses, and other manufacturing industries”-40.4%; “Motor vehicles, bodies, trailers and auto parts”-25.2%; “Metal products”-24.6%; “Rubber and plastic products”-23.3%; “Clothing, leather and footwear”-21.3%; “Chemical substances and products”-4.8%; “Textile products”25.1%; “Tobacco products”-20.2%; “Oil refining, coke and nuclear fuel”, -4.0%; and “Other transportation equipment”-19.8%.
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