Some industrial sectors traded in January 2021, 20% ahead of 2019

In January, several major industrial sectors traded between 10% and 20% above the 2019 average before the onset of the Covid-19 pandemic. The measure is based on energy consumption and shows that the industry expanded by 7.9% y-o-y in January. The improvement drove by sectors such as the automotive sector, which grew 17.5% year-on-year; construction materials where cement dispatches rose 19.2% year-on-year and the production of materials in the large construction companies belonging to the Construya Group increased 24%; and rubber and plastics with a year-on-year expansion of 14%.

Toyota suspends production due to lack of workers, loses $15m in exports

Toyota suspended once again production planned for a holiday because of the impossibility of gathering the number of workers necessary to guarantee the production lines' operation at the Zárate plant. Due to the workers' resistance to work outside the hours stipulated by the agreement to avoid income tax payment for the additional income from overtime. Toyota loses $15 million in exports.