Workers in a pharmaceutical production line. Photo: File photo.
The president of the Venezuelan ultra-right conglomerate of business owners, the Confederation of Industries (Conindustria), Luigi Pisella, has recognized that the industrial sector of the nation has seen a growth of 16.9% during the first quarter of 2024, as compared with the same quarter in 2023.
This was stated by the businessman this Wednesday, May 29, during an interview with Venezolana de Television TV station, in which he highlighted that two industries in particular have seen sustained growth since 2021, specifying the fact that since 2021, the food industry and the pharmaceutical industry have registered uninterrupted growth.
“The population’s average income is directed by 60% toward food and personal care, and in second place, towards the field of health,” he added.
Venezuela’s Confederation of Industries: 57% of Businesses Recognize National Economic Recovery
National production growth
Pisella also stated that the country must advance in national production, saying that “synonymous with national production is well-being, and it is tax collection, which has increased by 74%.”
He added that “the outlook is good, because industrialists have growth expectations of 8.8% for 2024.”
Pisella explained that trade exchange with Colombia has experienced significant progress, and work is currently being done to improve the competitiveness of the industry to generate jobs and recover the purchasing power of the Venezuelan people.
Translation: Orinoco Tribune
OT/JRE/AU
