In contrast, only 4.8% foresee losses, according to the current situation report from the Vizcaya Federation of Metal Companies, which concludes that 1,000 new jobs will be created, compared to the 1,400 positions generated in 2023.
82.6% of companies in the Bizkaia Metal sector expect to close 2024 in profits and only 4.8% foresee losses for 2024. Looking ahead to this year, the sector’s expectations are “the best” since 2020 and only 31% expect activity levels below 75% of capacity, compared to 38% in 2023. Employment plans to create a thousand new positions, compared to the 1,400 generated last year.
These estimates are part of the economic situation report prepared with data at the end of 2023 and a preview of forecasts for 2024. The study has been prepared based on the responses obtained in a survey to which 209 companies, which employ more than 13,000 workers, of the 850 associated with the Biscayan Federation of Metal Companies, FVEM, which together employ 53,000 people in Bizkaia.
According to the study, currently, Biscayan companies are using 78% of their productive capacity. Data that, although positive, has been highlighted by the president of FVME, Begoña San Miguel, “has been reduced” at the end of 2023 to 28.5%, reflecting the stoppage of the positive trend that took place in the second part of the year. last year but that does not prevent 2024 from being presented with “good expectations.”
The FVEM indicator of expected activity for 2024 is 78.9%, “the best in the series,” its president has highlighted. As for the markets, the outlook for this year also anticipates “improvement”, with companies that sense “reactivation” increasing by up to 38%.
Source: Eitb
I’m Tifany Hawkins, a professional journalist with years of experience in news reporting. I currently work for a prominent news website and write articles for 24NewsReporters as an author. My primary focus is on economy-related stories, though I am also experienced in several other areas of journalism.