Agricultural SMEs lead investments

During the second quarter of the year, agriculture showed a growing trend towards channeling productive investment. It has gone from 18% to 24% and consolidated as one of the fastest growing sectors of the economy. This is clear from the Pyme Investment Index (IIP) index developed by the Garantizar Reciprocal Guarantee Corporation (SGR), which pointed out that 4 of the 10 financial guarantees granted were intended for production.

The index showed a level of 36%, which represents a decrease of 12% from the record reached in 2017: "It is three points above the quarter average over the last 10 years , which is 33%, "says the company.

Garantizar's director, Carlos Pirovano, told NA that "it is interesting to see how the trend to increase SME investment in the sector continues to strengthen, which is why it is turns out to be a thriving and productive sector. " The turbulence that affected the economy in May and June, Pirovano warned that "affect the decision-making process of SMEs."

The IIP showed that the economic activities of the second quarter were as follows: Soybean and other cereals, cattle rearing, milk production, agriculture-related services, retail fuel sales, sale of pesticides, paper and cardboard manufacturing, automotive freight services, real estate services alone, human health services and fast food services, among others.