Friday , June 24 2022

Sixth month following the disadvantage: SME industrial production fell suddenly in October



According to the Monthly Industrial Survey, the weakest main points of the sector are lack of market liquidity, low quality of the pay chain and excessive interest rates.

According to CAME, the production of SMEs compared to the same period of 2017 was 1.9 per cent in 2018. The data comes from a survey carried out on some 300 companies from different branches and from across the country.

"It seems that the production trend is not repayable and will last at least until mid next year" (CIIECCA)

The study indicated that items and items with the lowest activity were in October "Shoes and leather goods", The "Rubber and plastic products", The "Wooden and furniture products" a "Paper, cardboard, print and print".

Those who had a small growth are "Food Industry" (0.1%) and "non-metallic minerals", while the manufacture of chemical articles did not change.

However, the use of He set the ability to set a little again in October to 58.7 per cent, although the sector is still too low.

"The production trend appears to resume and will continue at least until mid-year," said Pablo Bozzanno, executive director of the Center for Information, Electronics and Communications Industries of the Center of Argentina (CIIECCA).

The manager also warned that "the ability to install was less than 60 percent" and said "Companies do not really say goodbye now, but they do not renew the lost payments".

Source link