The industrial performance monitor (MDI index) Prepared by the Argentine Industrial Union (UIA) made a disturbing panorama for the sector. Among other negative data, he said that 11.4% of companies stopped exporting during the first half of this year.
The MDI index was prepared by the UIA Studies Center (CEU) from a survey between 600 industrialists. The consultations were diverse, from employment, taxes, exports and production, among other points.
He 33% of respondents He acknowledged that there was a retraction in its production with respect to the average of the first quarter of the year. Barely 26.1% recorded a rise.
Another negative fact was the diffusion index. This indicator measures the percentage of sectors with increases less the percentage with falls. In this survey it was at -6.9%. The previous October 2024 report had shown a recovery.
One of the negative numbers were Sales of manufactures of industrial origin (MOI). The 16.4% increase compared to April and 14.7% more compared to the volume that was counted in May 2024 was not enough. In May of this year The amount of MOI sales fell 2%.
Also Internal sales fell strongly. This was stated by 41.3% of respondents. Only 24.9% reported increases. Despite the bad result, the UIA emphasizes that the gap between the two groups was reduced compared to the previous survey.
Exports in fall
In addition to 11% of companies that stopped exporting. Those that could follow, lowered the percentage. 31.1% of companies recorded falls and only 15.2% increases.
Those who stopped exporting, 57.8% explained that it was due to the loss of competitiveness due to the increase in costs and 31.3% said they related it to monetary policies of weight appreciation.
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Source: Ambito
