Production Manufacturing
Manufacturing production in March 2009 compared to March last year shows falls of 0.4% in seasonally terms. Despite being the second month which demonstrates a fall, remain doubts about the magnitude of this, due to the lack of data to contrast older hikes that presents. The most relevant sectors that explain the decline are; Firstly basic metals industry, the raw steel with a decline of – 48.4% in interannual terms and a drop in turn – 38.3% in terms accrued over the same period of 2008. It must be borne in mind that the production of primary aluminium had a growth of 9.3%, explained by the need to have a continuous production since the cost of stopping production is high. However the total number of block declined – 39.1% in interannual terms and – 30.1% in terms accrued over the same period of 2008.
Secondly, the sector of motor vehicles, with a decline of – 18.8% YOY and – 36.7% in terms accumulated over the same period of 2008. This decline in the fall is explained by the end in the plant sector layoff period. At the same time, other sectors that showed a contraction, were petroleum refining with a decline of – 6.0% year on year and – 5.3% in terms accrued over the same period of 2008. And the textile industry with a decline of – 18.2% YOY and – 14.0% in cumulative terms compared to same period of 2008. Sectors that partly counteract the contraction are represented firstly by the food industry with a growth in annual terms of the order of 21.9% and 13.8% in terms accrued over the same period of 2008. Explained by the push in red meats 79.9% YOY.
It must be borne in mind that for March 2008 the fall had been important for the conflict with the field, however beyond that can in part be explained still doubts arise about the magnitude of the growth in the absence of data to compare. White meat with a growth of 30.3 % interannual and – 16.7% in terms accrued over the same period of 2008, and grain and oilseed milling with a growth of 45.1% year on year and 13.6% in terms accrued over the same period of 2008 closed the block. Another sector with positive balance is the substances and chemicals, it throws a 5.4% year on year growth and 7.3% in terms accrued over the same period of 2008, and of rubber and plastic products with a growth of 1.6% year on year and 2.1% in terms accrued over the same period of 2008. Finally there to focus the gaze on the sector metalworking excluded automotive industry that presents a preview of 6.9% in interannual terms and 5.2% in terms accrued over the same period of 2008. This data does not stop be peculiar because in March of last year while the conflict between the Government and the agricultural sector was entering the tightest part, lagging orders allowed keep the industry stable. And now where this factor does not play, the international demand shrinking by the effect of the crisis and the prices of commodities following the same course is at least peculiar to this sector to have a breakthrough. Source: abeceb.