The Venezuelan Confederation of Industries (Conindustria) anticipates that the sector could experience double-digit growth by the end of 2026.

Currently, it reports an operating capacity of 52.7 %, according to the report presented by Tito López, president of Conindustria, “and seeks to attract international investment to reach 80 % production.”

The trade association has presented an optimistic assessment of the performance of the national manufacturing sector, “with a 5.4 % recovery in industrial capacity by the end of 2025.”

The available margin, close to 47 %, is seen by industry leaders as key to Venezuela’s strategic positioning in global markets, particularly for attracting foreign investment.

Regarding expectations for the end of 2026 and the beginning of 2027, Conindustria’s technical estimates range between 12.5 % ​​and 12.7 %. According to López, this year is one of economic consolidation, where not only will there be a greater supply of domestic products, but also a boost in formal employment and an improvement in the competitiveness of Venezuelan products compared to imports. The goal is clear: to transform incipient growth into sustained expansion that benefits the entire value chain.

However, the executive emphasizes that achieving these goals requires a stable macroeconomic environment, including the activation of tax incentives that alleviate the tax burden on companies in expansion phases; bank loans to inject working capital and increase production to 80% of total capacity; Stability in public policies and dynamism in foreign exchange auctions.

M.Pino

Source: diariorepublica

(Reference image source: Josh Beech on Unsplash)

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La entrada Venezuela’s industrial sector projects double-digit growth apareció primero en Bitfinance.

The Venezuelan Confederation of Industries (Conindustria) recently indicated that the country’s growth this year could exceed 12 % despite certain obstacles that are slowing the economy’s momentum.

The organization referred to the “excessive” taxes, the exchange rate gap, and the lack of available foreign currency and financing as obstacles to growth. However, he highlighted that “Venezuela’s private manufacturing output increased by 5.4 % last year compared to 2024, and the industrial sector projects 12.7 % growth by 2026.”

Furthermore, production in the country increased by 6.8 % in the first quarter; 0.1 % in the second; 5.2 % in the third; and 9.5 % in the fourth quarter of last year.

Tito López, president of Conindustria, indicated that the figures obtained so far demonstrate that Venezuelan industry remains strong, “investing, producing, and generating employment.”

Regarding the investment needed to revitalize the country’s industry, López stated that $3.4 billion is required.

M.Pino

Source: notitarde

(Reference image source: Fatemeh Rezvani on Unsplash)

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La entrada Conindustria estimates growth exceeding 12 % in Venezuela apareció primero en Bitfinance.

Reports for May in China’s industrial sector indicate sustained growth, driven by innovation. According to data for last month, “China’s value-added industrial output grew 5.8 percent year-on-year.”

In the manufacturing sector, value-added output increased 6.2 % year-on-year, with increases of 9 % and 8.6 % in equipment manufacturing and high-tech manufacturing, respectively, according to the National Bureau of Statistics.

China’s industrial production grew 6.3 % from January to May. This sector is key to the Asian nation’s economy, as it serves as a benchmark for measuring the activity of large companies with annual revenues of at least 20 million yuan (about $2.79 million) from their core business.

This boost to the industrial sector is the result of effective policy support and continuous improvements, which have enabled relatively rapid expansion last month, “demonstrating strong resilience and potential,” said bureau spokesperson Fu Linghui.

The official highlighted strong expansion in high-end manufacturing, the digital economy, and the new energy sector. Specifically, last month saw an increase in production of 3D printing equipment. as well as industrial robots and new energy vehicles, by 40, 35.5, and 31.7 percent year-on-year, respectively.

M.Pino

Source: xinhuanet

(Reference image source: Bernd 📷 Dittrich on Unsplash)

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La entrada China’s industrial sector reported expansion in May apareció primero en Bitfinance.

Germany’s gross domestic product (GDP) declined 1.7 % year-on-year in the first quarter of 2021, the Federal Statistical Office (Destatis) announced today. The figure stops the growth trend registered in the last two quarters, taking into account that in the last quarter of 2020 the German GDP increased by 0.5 % and in the third quarter of the same year the rise was 8.7 %.

The restrictions approved by the German government to stop coronavirus infections have caused difficulties for both the industrial sector and for hotels and commerce, whose associations have a wave of bankruptcies due to the crisis.

The end of the value added tax (VAT) reduction also had an effect in this initial quarter of the year, as consumers advanced their purchases to the second quarter of 2020 with the aim of benefiting from said reduction.

For their part, orders to German industry increased for the tenth consecutive month in February, bringing them closer to the levels prior to the crisis caused by the pandemic. In important foreign markets, such as China and the United States, the demand for “Made in Germany” products also grew.

The German government on Tuesday raised its forecast for growth of gross domestic product to 3.5 % for this year, compared to previous forecasts that placed it at 3.0 %. “This is the year when the turning point will take place,” said German Economy Minister Peter Altmaier. “We will not only halt the downturn in the economy, we will reverse it. We will have regained our old strength by 2022 at the latest,” he added.

Source: dpa

La entrada German economy contracts 1.7 % in 2021 apareció primero en Bitfinance.