Wednesday , July 28 2021

Industrial production of SMEs fell by 5% in October (for the sixth consecutive year)



The data is presented in 300 Companies' Monthly Surveys conducted by the entity.


The data is presented in 300 Companies' Monthly Surveys conducted by the entity.

Industrial production fell 5% in October, and this year, according to a survey conducted by the Argentinean Chamber of Commerce (CAME), this sixth month of descent has been achieved this year.

The agency says the lack of market liquidity, the poor quality of the payment chain and interest rate increases are the main problems of the sector.

This year, The production of SMEs fell by 1.9% compared to the same period of 2017, Certified by CAME.

The data is coming up Monthly Industrial Survey more than 300 companies in the country and throughout the country.

The items with the least activity in October were "Footwear and Leather", "Rubber and plastic products", "Wooden products and furniture" and "Paper, cardboard, printing and printing".

This month There was little growth in the food industry (0.1%) and "Mineral non-metallic", the manufacture of chemical articles was not changed.

In fact, the installed capacity of SMEs has once again increased in October to 58.7%, although the sector is still small.

Documents prepared document CAME In addition, the SME Industrial Production Index (IPIP) registered a value of 79.8 points in October.

"The trend of production will not be recovered and will continue until at least the next half of next year," said Pablo Bozzano, executive director of the Information, Electronics and Communications Chamber of the Argentine Center (CIIECCA).

The manager also warned that "the installed capacity is less than 60%" and said "companies do not shoot, but they will not lose the costs".


Source link