Tuesday , December 1 2020

The sixth month dropped: industrial production of SMEs dropped sharply in October



small and medium-sized enterprises

According to the Monthly Industry Survey, the industry's main weaknesses are lack of liquidity in the market, poor quality of the payment chain and excessive interest rates,

According to CAME, the production of SMEs there is a decline of 1.9% in 2018 compared to the same period in 2017., The data comes from a survey of about 300 companies from different industries and across the country.

"The production trend does not seem to recover and will continue until at least the middle of next year" (CIIECCA)

The survey shows that the lowest activity in October is that of "Footwear and leather goods", "Rubber and plastic products", "Wooden products and furniture" and "Paper, Cardboard, Printing and Printing",

Those with a slight growth are the "food industry" (0.1%) and "non-metallic minerals", while the production of chemical products has not changed.

The use of installed capacity rose slightly in October to 58.7%, although for the sector it is still too low.

"The production trend does not seem to recover and will continue until at least the middle of next year," said Pablo Bozana, CEO of the CIIECCA, the Chamber of Information and Electronic Communities at the Argentine Center.

The manager also warned that "installed capacity is less than 60 percent" and said this "Companies are not saying goodbye yet, but they do not renew the accusations that are being lost",


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