The sector saw a slight recovery in 2011, after successive lows in 2008, 2009 and 2010.
The increase projected for 2012 is based on the expected performance of the construction sector.
Federico Prado, president of the union of metallurgy, the Chamber of Industry, told Prensa Libre, "the expectation of a change in government, the policy of nation-building and public works will increase the demand for steel products."
"Projections y the Bank of Guatemala (Banguat) for this year indicate that the construction sector will grow 3.9%, higher than the 0.9% recorded in 2010. The manufacturing industry will grow 2.3% this year."
Source: prensalibre.com
More on this topic
December 2010
Despite adverse economic conditions the industry has managed to grow 1.27% this year.
Details given by the Salvadoran Association of Industrialists (ASI), indicate the area which have rebounded the most is textiles, while construction closed with a negative -5.4%.
Elsalvador.com reported statements from Javier Siman, president of the ASI, indicating that industry remains stagnant and has not grown as expected.
December 2010
Internal and external factors, that adversely affect competition, will be the key focus of next year's agenda.
The performance of industrial business left behind two years of decline in production dynamics and employment, introducing in 2010 a positive performance but moderate for most manufacturing activities, as explained by Marco Meneses, President of the Chamber of Industries of Costa Rica (ICRC).
December 2011
The Chamber of Industry states that the causes are: high fuel prices, electricity and raw materials, the exchange system, bureaucracy, taxes and social security, and access to financing.
After the global crisis started in 2008, there was a hint of recovery in the sector in 2010, which was not confirmed in 2011, when growth was only 2%.
April 2012
The Salvadoran Association of Industries (ASI), has presented the industry's annual report for 2011.
Part of the speech by President of the CSA in the report:
Despite the lukewarm growth of our economy and slow recovery of world economies, our industry has once again proven to be a thriving and entrepreneurial sector.
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