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Significant fall in industrial production in Castilla-La Mancha in 2020
According to the Instituto Nacional de Estadística (INE), in 2020, the General Index of Industrial Production fell in Castilla-La Mancha by an average of 8.5%. The national fall was 9.1% in the same period.
A drop that also affects the annual rate in Castilla-La Mancha since, according to INE data, the General Index of Industrial Production in our region fell by 1.9% in December 2020 compared to the same month of the previous year.
In 2020, industrial production decreased in all the autonomous communities. The largest decreases, on average, were recorded in the Balearic Islands (-20.9%), the Basque Country (-14.1%), Asturias (-13.9%), La Rioja and Andalusia (-11.8% in both cases), Navarre (-11.2%) and the Canary Islands (-10.2%).
NATIONAL DATA
At the national level, the General Index of Industrial Production fell by an average of 9.1% in 2020, its largest drop since 2009, when this indicator plunged by 16.2% in the midst of the financial crisis.
With the setback in 2020, caused by the Covid-19 crisis, industrial production also puts an end to six years of continuous growth.
Statistics has pointed out that the coronavirus crisis has caused the different industrial sectors to suffer "intensely" in 2020 from the effects of the pandemic, with sharp declines in production, especially on March, April, May and June.
Although with varying degrees of intensity, all sectors saw their output cut in 2020. The most significant falls affected the capital goods and consumer durables, with decreases of 15.4% and 13.5%, respectively. They were followed by intermediate goods, with a drop in production of 7.8%; non-durable consumer goods (-6.5%), and energy (-6.2%).
According to the INE, the intermediate goods sector is the only one that has reached and overtaken the level of 2019 in the last quarter of 2020.
KICKOFF OF 2021
As we entered into 2021, the manufacturing sector, in which PARCITANK, S.A. is operating, was held back as a result of the incidence of the third wave of the SARS-Cov 2 and the Filomena storm, which caused delays in the delivery of goods that interfered with production.
Moreover, price pressures were intensified by shortages of raw materials, rising transport costs and higher prices for key commodities such as steel. In fact, consumer prices in general rose to the highest rate in three years.
In brief, the manufacturing sector had a challenging start to the year, as Philomena storm combined with the effects of the pandemic hampered not only production but also the level of new orders.
Nevertheless, at PARCITANK, S.A. our confidence in future reminds unshaken provided, of course, to the success of the vaccination and a clear end to the pandemic.
Source: www.eldigitalcastillalamancha.es
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