Tuesday , January 31 2023

In the sixth consecutive month, the seismic activity declined


The FIG Industrial Production In October, 5% dropped, the sixth month of this year, according to a poll conducted by Argentine Chamber of Media sized enterprises,CAME).

The major problems faced by this sector are the lack of market liquidity, low level of payment network and high interest rates. This year so far, the output Small Enterprises In comparison with the same period in 2017, it declined by 1.9 per cent.

According to the latest figures from the Month Industrial Survey, one of the 300 companies across the country, ranging from multiple branches. Low-cost activities in October are "Carlsodo e Markorowita", "Rubber Plastics Products", "Wood Furniture Products", "Paper, Cardboard, Edition and Printing".

This month, the "food industry" (0.1 percent) and "metal metallic mineral" have grown. However, the production of chemicals did not change. The installed capacity utility in the SEES has increased to 58.7 per cent in October, yet the sector is still very low.

The Industrial Production Pipeline (IPIP) index was at 79.8 points in October. "Production trend does not appear to be in the middle of the next year," said Pablo Bosono, executive director of Argentine Center for Electronics and Communication Industries (CIEECA).

The manager also warned that "the installed capacity is less than 60 percent". "Companies are now not firing, but they will not renew the lost charges".

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