Industrial production in January 2025 experienced a year-on-year growth of 6.5%, according to the Industrial Production Index (IPI-OJF) from the consulting firm Orlando Ferreres. However, the seasonally adjusted measurement showed a contraction of 0.6% compared to December.
Crude steel decreased by 26.5%, while hot-rolled finished products fell by 5.8%. In contrast, other sectors such as non-metallic minerals registered an increase of 6.3%, with a rise in Portland cement production of 8.7%, and refineries also showed an advance of 6.5%.
On the other hand, cattle slaughter decreased by 2.0%, but poultry slaughter grew by 0.8%. Basic metals continued a negative trend, with an 8.2% year-on-year decline, accumulating 16 months of negative figures. In contrast, oil production stood out with a growth of 31.1%.
In the automotive sector, production grew by 32.7% year-on-year, reaching 30,058 units. Meanwhile, in the food industry, growth was observed supported by the oilseed complex, with an increase of 9.9%.
Machinery and Equipment showed significant progress, driven by the production of automotive terminals, with a 25% annual increase. Cold-rolled products also increased by 54.8% annually. The industry is expected to continue expanding driven by higher demand due to wage recomposition, an increase in credit utilization, and a stable macroeconomic context.
