Thursday , October 28 2021

▷ According cames, industrial production decreased by SME & # 39; 5% in & # 39; October



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The SME industry fell for six consecutive months and the sector working only with & # 39; 58.6% of its installed capacity. Although the proportion of & # 39; growing industries increased slightly, 74% believe that the situation of their company is a regular, bad or critical. Only 18.7% expect a rebound in the next three months. Failure & # 39; liquidity in the market, the low quality of the payment chain, rates of & # 39; excessive interest and difficulties to repay liabilities complicate the business of SMEs and many companies are making to reduce or reconsider their continuity.

– It & # 39; internal market recovering, production & # 39; Industrial SMEs decreased by & # 39; 5% in & # 39; October compared with & # 39; the same month last year. It is the sixth consecutive month which comes & # 39; industry.

– Before September there was a & # 39; 5.6%, which is explained, basically, with the seasonality of the month. For 10 months of the year accumulates reduction & # 39; 1.9% compared with & # 39; the same period & # 39; 2017.

-Data comes from the Industrial Survey & # 39; Monthly & # 39; CAME conducted among 300 industries & # 39; SMEs in the country. The Index to SMEs in Production Index (IPIP) registered a value of & # 39; 79.8 points in & # 39; October.

– The loss was most evident in the "shoe and leather products '(-15%)," Rubber and plastic products' (-10.8%), "products and furniture & # 39; paper, cardboard, edition and printing '(-8.5%), "metal products, machinery and equipment' (-7.3%)," transport Material "(-3.3%)," textile and clothing products "(- 3.3%) and "electrical-mechanical products, IT and manufacturers' (-2.5%). On the other hand, the production of & # 39; "Chemicals" has not changed and increased the "Food Industry" (0.1%) and "Non-Metallic Minerals" (1.6%).

– "The trend of production does not seem to recover and will continue at least until the middle of next year," says Pablo Bozzanno, executive director of the Chamber of Information, Electronics and Communication Industries & # 39; Centro de Argentina (CIIECCA). "The installed capacity is less than 60%, the companies are not saying goodbye now, but do not renew the charges are being lost," he warns, and explained that the only companies that are more b & # 39; health ' are those that export and benefit from devaluation and the new price of the dollar ".

F & # 39; in October, 53.9% of the consulting industry ended up with the annual output decline (58.9% in & # 39; September), and 36.7% had increases (30.9% in the month & # 39; before). While most companies are still falling, the proportion of & # 39; growing industries improved.

-Iżdied also f & # 39; October proportion of & # 39; industries with positive profit: 36.3% versus 32.1% in & # 39; September and 28.9% in & # 39; August. The percentage of & # 39; & # 39 industries with, negative and zero remaining capacity & # 39; high. But many companies have reduced their businesses, suspended and reduced personnel costs & # 39; any kind to support their businesses.

– "In the case of the dairy industry is suffering serious economic situation due to the increase in costs, increase in the price of raw materials, higher labor costs and a reduction in consumption", explains Pablo Villano, Association & # 39; Small Milk Company and & # 39; Medium (APYMEL).

– The chain of payments continue to deteriorate. According to Daniel García, president of the Chamber of Manufactures & # 39; Luminaries and domotic Efficient (CAFLED), "suppliers must require 30 days and paying customers 120. This generates the companies in the sector come in & # 39; & # 39 by debt; exorbitant rates ". The industrialists consulted agree that the payment chain is put in 120 days and there are many difficulties to cut the checks.

– The use of & # 39; installed capacity in SMEs increased again & # 39; other f & # 39; in October to 58.7%, but is still too low to reflect the reduction in activity.

-Forward, expectations remain unresolved: only 18.7% of the companies consulted expect production to increase in the next three months, while 29% believe it will continue to decline. The rest did not know or believe that will continue & # 39; at current levels.

– It seems that this explains why investment does not happen: 7 out of 10 industries m & # 39; have new investments planned in the next three months.

general considerations

The Industrial Production Index to SMEs in (IPIP) measures the performance of & # 39; monthly manufacturing output & # 39; small and medium industries (Pymis) in Argentina. The information obtained during the first 20 days of the month, based on a direct survey conducted among 300 industrial SMEs in the country. Team & # 39; 30 interviewer makes monthly survey in capitals, CABA and GBA (southern areas, northern and western). In turn, a CAME, group & # 39; 6 supervisors check the quality of the data collected and coordinate the team of interviewers.

The surveyed companies were selected based on & # 39; three variables:

1. Type & # 39; product prepared by the company: products were determined that reflect & # 39; most reliable way to level & # 39; sector activity, either directly (as a representative of the output indicator) or indirectly (as it is the major contribution of & # 39; other sector).

2. Geographical location of the company: were selected companies located in & # 39; regions with a predominance in the production of pre-selected products.

3. Quality of data: companies surveyed where the quality and accuracy of the data provided could be verified.

particular considerations

The IPIP is divided into & # 39; 11 industrial branches. To determine the value of IPIP, the index numbers are drawn for each of these branches and the general level reflecting the evolution of industrial production in & # 39; terms & # 39; physical volume. The index numbers are useful for homogeneous variable, and b & # 39; thus facilitating their comparison over time. The base year series was set in & # 39; December 2008.

Weighting & # 39; each branch of industry was based on the 2004 Economic Census and the weight map prepared by Sepyme. The weighting assigned to each sector can & # 39; read in the following table:

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