Venezuelan industrial sector experienced growth of 8.2% during the first quarter

Published at: 15/05/2025 12:44 PM

The Venezuelan industrial sector registered a growth of 8.2% in the first quarter of this year 2025, compared to the same period in 2024, revealed the Industrial Situation survey of the Conindustria Statistical Information System.

The survey presented on May 13 and replicated by the newspaper Úlmas Noticias revealed significant dynamism at the beginning of the year, with monthly variations of 13.8% in January, 1.1% in February and a robust 10.8% for the month of March.

The president of Conindustria, Luigi Pisella, said that the uptick in production is largely due to three key factors: the correction of the exchange rate, the elimination of tax exemption for imported finished products and the increasing replacement of imports by domestic production.

“The replacement of imports with domestic production is a strategic factor that drives industrial growth,” he said.

Mazo News Team