Argentina's Metalworking Industry Faces Steep Decline in 2024

INSUBCONTINENT EXCLUSIVE:
drop contributes to a cumulative contraction of 14.1% for the year so far
industrial chain continues to report declines across most of its segments
industry segments showed negative year-on-year variations in September
in 2024
(Photo Internet reproduction)This trend applies to the most important value chains supplied by the metalworking industry
The utilization of installed capacity has also suffered a year-on-year decrease.Over the past 12 months, installed capacity utilization has
fallen by at least 5%
Compared to the same month last year, it decreased by 5 percentage points
The 2024 average is 9.9 percentage points below the 2023 average.Employment levels in the sector have also taken a hit
Adimra reported a 3.2% year-on-year decrease in September
These sectors were heavily affected by drought last year
the previous year
Several provinces with metalworking production have been particularly affected
Buenos Aires province experienced a contraction stronger than the general average.Other provinces facing significant challenges include