Metalworking falls 6.1% in August and fails to gain from Vaca Muerta
Metalworking activity fell 6.1% year on year in August and is down 5.6% so far this year, without managing to capture demand from key sectors such as Vaca Muerta and mining. ADIMRA reported declines in the oil and gas, mining and agriculture value chains, hit by the high share of imported inputs and the lack of investment by local suppliers.
By aluminio.ar · Based on reporting by Perfil
What you need to know
- Production linked to oil and gas fell 4.4% year on year and mining fell 6.4% in August.
- Capital goods contracted 11.1% year on year.
- Final consumer goods posted the biggest decline, at 9.6%.
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