Producción de la industria colombiana creció 46,2% en mayo

The Dane revealed that for May the production of the manufacturing industry grew 46.2%, compared to the same period in 2021.

According to Juan Daniel Oviedo, director of the entity, it is important to contemplate the dimension of this figure, to the extent that in the panorama of 12 months ago, the sector turned out to be one of the most affected by the National Strike registered in the country, especially in southwestern Colombia.

Bruce Mac Master, president of Andi, agreed that the impact that the social demonstrations had on the national productive apparatus was evident, but the important path of recovery that the industry has registered in recent months is evident.

“This is observed not only when comparing the figures with 2021, but with 2019, before the pandemic; since the manufacturing production presented a variation of 16.6%, comparing May 2022, with that period of 2019. Both results are significant increases that show the resilience of the business community and his sustained interest in continuing to work for the social development of the country,” he added.

However, compared to May 2019, the manufacturing sector also showed a rebound in production that reached 16.6%; while for real sales and employed personnel it was 14.8% and 6.5%, respectively.

Bruce indicated that the consolidating the growth registered this year “will depend to a great extent on the country being able to provide legal stability and that the new Government transmits the signs of calm necessary to encourage investment”.

As for the domains that most marked the growth of the sector, the recovery of the production of sugar and panela stood out, which reported an increase of 822.4% of real production. This data is explained by the fact that it was also one of the activities most affected last year by the demonstrations in Valle del Cauca. However, its annual contribution was only 1.6 percentage points of production and its growth was 0% compared to 2019.

Oviedo explained that the horizon of the manufacturing industry continues in line with the behavior that has been observed in the last five months, where the greatest contribution is led by the production of beverages (5.1 pp); the manufacture of soaps and detergents (3.4 pp) and the manufacture of paper and cardboard (3.3 pp). As a whole, these three categories account for 11.8 pp (1/4 part) of total production.

Occupied Sector Figures

Dane revealed that the annual growth figure for employed personnel was 5.9%. However, compared to 2019, andhe rise reached was only 0.5%, contracted by the inability to recover employment in the manufacture of clothing (-0.4 pp); footwear manufacturing (-0.1 pp) and vehicle manufacturing (-0.1 pp).

Year-to-date variation

From January to May 2022, manufacturing production has grown 18.4% compared to the same period last year. However, the figure drops to 15.1% compared to the 2020 figure.

As for employed personnel, the annual figure for 2022 reached 4.8%, while for 2020 it was -0.8, which indicates that a recovery has not yet been reached. The value of real sales seen in annual terms reached 18.5%, and compared to 2020 it was 14.3%.

The three-year growth of production (2022-2019) registered an increase of 18.6% and in real sales of 18.3%. However, the number of employed personnel continues to be negative in this measurement. The contraction in this period was 0.2%.

The beverage manufacturing, paper and cardboard manufacturing and clothing manufacturing were also the reasons for the growth of the sector between 2021 and 2022. However, coffee production conditions are leading to a structural drop of 7.5% in the industrial component of coffee threshing.

Territorial approach

In terms of the territorial approach, the 14 departments analyzed in the survey presented positive variations in their real production. In this case, the highest growth was presented by: Cauca (378.3%); Valle del Cauca (200.7%); Risaralda (101.5%); Caldas (50.2%) and Córdoba (40.5%). However, those that contributed the most were Valle del Cauca; Antioch; Cundinamarca and Bogota.