According to the UIA, the industry continues to recover: it grew 8.4% month-on-month in July

The report indicated that industrial activity was located in July 3.9% below the pre-pandemic levels of February of 2020, as a result of sectorial and regional heterogeneity.

With these data, during the first seven months of 2020 a drop of 11.9% was accumulated compared to the same period of the previous year.

The report highlighted that "the floor of the fall in the level of activity It seems to have been April, as it was the first full month of the Preventive and Compulsory Social Isolation (ASPO), where only the sectors considered essential were enabled. "

He also indicated that " the progressive return to the activity of different sectors

However, he pointed out that "the uneven performance, both sectoral and regional, explains that the level of activity is lower than that registered before the local outbreak of the ronavirus ".

" This trend towards economic fragmentation is evidenced by differentially grouping the sectors, reflecting the disparate performances of the industrial sectors and the impact of the different stages of quarantine in each region "highlighted the analysis of the UIA.

He stressed that" a stabilization of activity is observed at lower levels than at the beginning of the year ", and considered that" this is a consequence of the lower domestic demand as a result of the drop in revenues and uncertainty, higher operating costs linked to the pandemic and low external demand due to the also delicate situation in Brazil ".

The report also noted that" the dynamics of July were reflected in the use of installed capacity, which reached 56.8% according to the National Institute of Statistics and Censuses (Indec), 1.9 percentage points less than a year ago but with a recovery compared to the previous months s, given that in June it was 53.3% and in May 46.4% ".

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