The industrial manufacturing production index (IPI manufacturing) recorded in January a 6.3% increasecompared to the same month of 2022, while the construction activity advanced 2.6% in the same period, reports today the National Institute of Statistics and Census (Indec).
In January 2023, the industry seasonally adjusted series index showed a positive change of 0.7% compared to December and reversed the previous negative figure, when it was declining 1.2% compared to November.
As of January 2023, fourteen of sixteen manufacturing divisions posted year-over-year increases, led by Food & Beverage with 9.1%; Basic metal industries, with 8.9% and Automotive, body shops, trailers and auto parts, with 24.8%.
At the other extreme, the Substances and Chemicals divisions recorded a decline, by -4.5%; and Other means of transport, with -3.3%.
Meanwhile, in the first month of the year, the synthetic indicator of construction activity (ISAC) recorded an increase of 2.6% compared to January 2022.
Also, in January 2023, the seasonally adjusted series index was shown a positive change of 4.3% compared to the previous month. With this he cut a streak of five consecutive months with negative records compared to the previous month. The most marked was 3.2% in December compared to November.
In the apparent consumption of construction inputs in January 2023, the largest increases, compared to the same month of the previous year, were recorded in finished concrete, 26.3%; in the rest of the inputs (includes faucets, seamless steel pipes and building glass), 15.8%; and gypsum, 11.4%.
On the other hand, decreases of 26% are observed in ceramic floors and coverings; 20.8% in ceramic sanitary ware; 13.5% in hollow bricks; and 8.7% in limes.
Charles Arterburn is a seasoned business journalist for News Rebeat, where he provides comprehensive coverage of the latest trends and developments in the world of finance and economics.