Saturday , July 2 2022

Industrial production SMEs fell by 5% in October and are down 6 months


The output of the SME sector shows a drop in the sixth month per second and accumulates a fall of 1.9% in the first ten months of the year with respect to the same period of 2017.

In October, the year-on-year drop came to 5%, a 5.6% increase in September, which was a seasonal question and the progress of the industrial recession did not stop.

According to the Small Business Production Index (IPIP), according to the monthly average Business Confederation of Argentina (CAME), in both the thirty branches, both imports showed a positive performance in the inter-annual comparison.

Drought improved thanks to the large devaluation of the last few months, with food and non-metallic minerals rising by 0.1% and 1.6% respectively, the cost of an export boost.

On the other hand, the most significant falls were "Shoes and leather goods" (-15%), "Rubber and plastic products" (-10.8%), "Domestic products and furniture" (-10.4%), edition and printing "(-8.5%) and" Metal products, machinery and equipment "(-7.3%).

As a result, 74% believe that the company's regular, bad or critical situation is up and 18.7% expect to rebound in the next three months. At the same time, the installed capacity remained at 58.6%, which is why seven seven companies did not plan for new investments.

"Production trends have not recovered and continue until at least the next half of next year. Companies with the greatest strength are those who export this discount and the new dollar price, Pablo Bozzanno, Executive Director of the Electronics, Communications and Communications Chamber of the Argentine Center (CIIECCA).

Among the main issues highlighted by CAME among the surveyed employers, there is a lack of market liquidity, the poor quality of the payment chain, the interest rate increases and responsibilities to return.

"Suppliers pay for 30 days and pay 120 customers. Sector companies make unusual loans," said Daniel Garca, President of the Argentine Luminaire and Efficient Consumer Manufacturers Chamber (CAFLED).

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