Sunday , January 29 2023

Industrial production declined to 5% in October



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In the sixth consecutive month, the SME industry declined. Only 58.6 per cent of the installed capacity will function in this sector. Although the proportion of rising industries is small, 74% believe that their company's position is bad or bad. Only 18.7 percent should be taken within the next three months.

The lack of liquidity in the market, low cost of payment chains, excessive interest rates and difficulties for repayment of liabilities can lead to the eradication of many companies by introducing SME's business,

Production of industrial SMEs declined by 5% in October It fell 5% in October compared to the same month last year. The sixth consecutive start.

Compared to September, the figure is 5.6% higher, and it basically explains monthly. In comparison, 2017 was down by 1.9 per cent over the same period.

This figure is based on CAME 's Monetime Industrial Survey conducted in 300 small and medium scale sectors in the country. The index of industrial production (PI) was at 79.8 points in October.

Wood Products and Furniture (-10.8%), Footwear, leather products (-10.4%), (-7.5%), "Transport Material" (-3.3%), "Textile and Textile (Clothing & Textiles) However, "Chemical Industries" does not change production, "Food Industry" (0.1 percent), "Non-Metallic Minerals" (1.6% ).

"Production trend does not seem to progress again and will continue until next year," says Pablo Bossoño, Executive Director, Chamber of Information, Center and Information of the Center de Argentina (CIIECCA). "The installed capacity is less than 60 per cent, the companies do not just leave, but they will not renew the lost charges," he explains, "the price of the" strong "dollars.

Annual production (58.9%) ended with a 53.9% year-long trade turnover in October, a 36.7% increase (30.9% in the last month). As many companies continue, the growth of the growing industry has improved.

In October, the proportion of better income earned to 36.3 percent. It was 32.1 per cent in September and 28.9 per cent in August. The percentage of negative, profitable industries is very high. But many companies collapse their businesses, and suspended employees have retained their businesses for all kinds of expenses.

"Higher rises in raw materials prices, high wages and decline in consumption, in case of serious economic conditions with increasing costs on dairy farming," says Pablo Villano, from the Association Small and Medium Dairy Company (APYMEL).

The payment network continues. Daniel Garyaia, President of Manufacturers of Manufacturers of Lumineries and Dobotics (CAFLED) said: "The suppliers want to pay for 30 days and the customers pay 120 rupees, which borrow the company from debt liabilities." Consulted entrepreneurs agree, that the check price is determined to pay within 120 days.

Installed capacity utility for small enterprises rose again in October, to 58.7%. But it is still going down.

The expectations are still unresolved: only 18.7% of companies expect production in the next three months, 29% believe it. The rest do not know or continue to stay at the current level.

Explain why not investing: In the next 10 months, seven of the 10 industries have not planned any new investment.

CP

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