The Asturian Society for Economic and Industrial Studies (Sadei) has just published its industrial production index for Asturias for the month of March. The secondary sector has rebounded by 3.6% year-on-year, thus interrupting the chain of negative annual rates that began at the end of 2018 and accentuated in the last year as a result of the global pandemic. However, from Sadei it is noted that “it must be borne in mind that this improvement in industrial production is observed with respect to a month (March 2020) that began the period of pandemic conjuncture with strict confinement and restrictions on production.”
In the metal sector are the locomotives of this impulse in production registered by the Asturian industry in March. Metallurgy grew 12.3% year-on-year and within it the production of steel stands out, where Sadei detects “an optimistic recovery in the order book with a rebound from the automotive sector.” ArcelorMittal sources had already indicated that most of its facilities in the region were at maximum capacity due to a strong increase in demand and the lack of stocks of steel products.
The naval, smooth sailing
Sadei also highlights “the maintenance of the good situation of the naval sector” (The Armón and Gondán shipyards accounted for half of the activity in the sector in Spain last year and for this year they have a guaranteed workload) and the improvement in the expectations of other transport material companies. “In any case, this specific optimism should not hide the fact that the effects of the pandemic are still present and that, although the figures improve quantitatively, the uncertainty of the situation and the volatility of the offers remain and, in many cases, prevent consolidation. of medium-term strategies ”, highlighted the Asturian Society for Economic and Industrial Studies.