The national industry affiliated with Andi remains concerned about the present and the future. The survey shows this by mainly answering that the main reasons for the current situation in the sector are interest rates (20.6%), uncertainty due to reforms and political instability (18.7%), low demand (17 .2%) and the exchange rate (12.4%). ), including economic uncertainty (12%).
In terms of the business environment, the Andi report indicated that there has been a deterioration in optimism, which is still manifested, but to a lesser extent. 31.7% are only optimistic about a better situation in the future. In September, 60.9% of respondents believed that the current situation of their company was good, while in that month of 2022 this figure was 76.5%.
The activities showing the greatest decline are characterized by stimulating the economy through consumption, job creation and investment.
The companies responded with the highest percentage of what would make them leave Colombia, and the most important response was proximity to the destination of the products (43.8%). In the second order: economic uncertainty (41.1%), uncertainty due to the impact of the reforms (30.1%), access to raw materials and inputs (28.8%), country costs (26%), legal security (24.7%), among others
In the period between January and September, industrial production fell by -3.3%, turnover fell by -3.1% and sales in the domestic market fell by -4.1%.
The utilization of the installed capacity shows a behavior slightly above the historical average; the number of orders decreases, an increase in inventory levels is observed, a less favorable situation is observed in the business environment and expectations about the immediate future indicate a less optimistic end of the year, Andi analyzed.
The installed capacity utilization indicator has averaged 80% since 2021. Regarding other EOIC indicators, the number of orders remains at a low level throughout the year and the business environment has a lower percentage of companies that assess their current situation as favorable. In fact, the rate went from 68.27% at the beginning of the year.
In the departments
The results of the DANE’s Monthly Manufacturing Survey with a Territorial Approach (EMMET) also report a deterioration in manufacturing activity, with production registering a decline of -4.4% and sales declining by -4.2%, for the period January-September of this year compared to the same period of the previous year.
In the same direction, the Economic Monitoring Index (ISE) published by Dane recorded a decline of -0.1% for the month of September. On the one hand, primary and tertiary activities showed positive growth of 4% and 0.1% respectively. Secondary activities, on the other hand, showed a contraction of -5%. And within these sectors, manufacturing and construction showed negative growth.
Production and sales
According to the results of the EOIC, which ANDI carries out with Acicam, Acoplásticas, Andigraf and Camacol, production in the period January – September 2023, compared to the same period in 2022, decreased by 3.3%, sales totals decreased by 3.1 % and Within this, sales on the domestic market fell – 4.1%. In the previous year, rates increased by 15.8%, 11.5% and 14.6% respectively.
The installed power
In September 2023, the installed capacity utilization indicator stood at 80.9%, slightly higher than the indicator in the same month of the previous year (80.4%), and still remains above the historical average of installed capacity utilization ( 76.8%). .
Source: El heraldo
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
