The SME industries are falling | Chronic

After ten consecutive months of growth, the country's industrial production of SMEs registered its second negative mark in June, confirming that the stand is here to stay.

Compared to May, there was a decrease of 8.4% (to the extent with seasonality), according to data published by the CAME.

Of the 11 sectors studied, 10 fell and only 1 progressed (still talking about the annual comparison). The only item in increase was the development of " Nonmetallic Mineral Products", with an annual increase of 4.8%, although with difficulties in profitability. "It's that most of these companies have their dollar-related entries and have received several adjustments up here this year without transferring much of these increases to their selling prices" badyzed the Argentine Chamber of Medium Enterprises

Instead, they had annual falls: "Rubber and Plastic Products" (-9.9%), "Transportation Equipment" (-7, 8%), "Electromechanical and Computer Products" (-8.7%), "Footwear and leather goods" (-5.5%), "Food and beverages " (- 5, 2%), " Wood and Furniture " (-4.1%), " Textiles and Clothing " (-3.0 %), "Metal Products, Machinery and Equipment" (-1.4%), "Paper, Paperboard, Print and Publishing" (-1.5%) and ] "Chemicals" (- 2.4%).

Every Month Worse

Other Data Confirming Crisis and Progress Towards a Recession: Annual Growth Only Reached 34% of Industries this month (48.7% of SMEs had increased in March, 44.3% in April and 39.4% in May). In turn, the proportion of industries in decline increased to 53% and 13% remained unchanged.

As a result of cost increases, declining sales levels and increased difficulties in transferring these price rises, the proportion of industries with positive profitability dropped to only 35.4% (compared with 54% in March , 46.7% in April and 39.4% in May).

The industry is working with high unused capacity: the use of installed capacity further declined in June, reaching only 59.1% (compared with 64.3% in March, 62% in April and 60 , 5% in May.

All Frozen

The report of the business entity also marks what the officials of Cambiemos have announced: what will happen will not be better. "Financial and currency uncertainty and especially higher interest rates, affect business investment plans" notes the monthly report. 9002] And he adds that for the next six months, only 23% of industrial SMEs are planning to make new investments, 17% are evaluating it and 55% have already decided that this year they will not make new moves in this area. 9 out of 10 companies believe the time is not the right time to invest. 19659011] window.fbAsyncInit = function () {
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