The order book of the Basque industry remains the same or improves slightly, and in terms of billing, the outlook is also positive.
The 16 Basque clusters, gathered in the Industrial Situation Observatory (OCI), have shown this Monday positive prospects for the first part of 2024, with a general forecast for Maintain or slightly improve your activity.
At today’s meeting, in addition to officials from the Basque Government, those responsible for the 16 organizations that drive the CAV clusters were present: aeronautics; feeding; automotive; bio Health; construction; energy; railway; casting and forging; habitat, wood, office and contract; maritime industries; environment; paper; iron and steel industry; Advanced Manufacturing Technologies and knowledge; Transport, Mobility and Logistics.
This semiannual meeting of the 16 industry sectors of the Basque Autonomous Community (CAV) analyzes its main indicators in terms of orders, billing, exports, employment and investment in R&D&I.
As reported by the Department of Economic Development, Sustainability and Environment of the Basque Government through a note, in general terms, the order-book of the Basque industry remains the same or improves slightly, with 9 of the clusters expecting to grow and only one to decline (the others expect to remain stable).
In the billing, the outlook is also positive, with 8 clusters that foresee growth and 7 that will maintain it, compared to only one that foresees a reduction. In the near future, the geopolitical situation and the cost impact are of concern.
The exports They follow a positive path because the clusters expect to maintain (8) or improve (7) their foreign trade in the next semester, and only one expects that it will decrease. After a generally positive 2023, expectations point to improvement or stability, despite possible geopolitical or economic challenges.
The forecasts of employment They continue with an optimistic sign. After a semester in which 7 clusters have improved slightly and 9 have remained the same, the start of 2024 is moving at the same figures. On the other hand, there is concern about the difficulty in finding qualified personnel and technological profiles, and in retaining them.
Lastly, the R&D&I will continue to rise, since 8 clusters expect to grow and as many others to maintain themselves. None plans to reduce their investment in research, development and innovation. The vectors that drive many of the innovative projects are decarbonization, digitalization and adaptation to new, more advanced niches.
On the other hand, there is concern in the industry – not only in the energy sector – due to the difficult challenge of electrical networks to assume the increase in power necessary to respond to the consumption required by hydrogen, data, renewables. or decarbonization.
Source: Eitb
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