Industrial production of SMEs fell 5% in October (the sixth consecutive decrease)



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The data comes from the Monthly Industrial Survey conducted by the entity in about 300 companies.


The data comes from the Monthly Industrial Survey conducted by the entity in about 300 companies.

Industrial production fell 5% in October and thus hit the sixth consecutive month of falls so far this year, according to a survey by the Argentine Chamber of Midsize Companies (CAME).

According to the agency, the lack of liquidity in the market, the poor quality of the payment chain and the excessive rate of interest are the main problems faced by the sector.

So far this year, the production of SMEs accumulated decrease of 1.9 percent in relation to the same period of 2017, CAME guaranteed.

The data comes from the Monthly Industrial Survey carried out by the entity in about 300 companies of different branches and throughout the country.

The items with the lowest activity in October were "Footwear and leather goods", "Rubber and plastic products", "Wood products and furniture" and "Paper, cardboard, publishing and printing".

In this month The "food industry" (0.1%) and "non-metallic minerals" grew slightly, while the manufacture of chemical items did not vary.

The positive fact is that the utilization of installed capacity in SMEs increased slightly again in October to 58.7%, although the sector is still very low.

The document prepared by the CAME It also details that the SME Industrial Production Index (IPIP) registered a value of 79.8 points in October.

"The production trend does not seem to recover and will continue until at least the middle of next year," said Pablo Bozzanno, executive director of the Central American Chamber of Information, Electronics and Communications Industries (CIIECCA).

The manager also warned that "the installed capacity is less than 60%" and said that "companies are not currently firing, nor are they renewing the lost charges."

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