Along with The delinquency of Argentine families grows climbing four -year -oldthe companies They also begin to show fissures in their finances: Checks rejected due to lack of funds had doubled since November 2023. In May they registered 69,341 checks without fundswhich represents an increase in 117.6% Regarding November 2023, according to the latest report of the Argentina Grande Institute (IAG). Although, from the banking sector they point out that the figures are within the “expected parameters.”
“The fact that the activity improves while both delinquency curves are in an ascending cycle show strong social and economic fragmentation. While some sectors recover, there is a growing disability of families and companies to face their payments month by month, “the report warns.
Banking Sector sources took importance And they pointed out that there is no “substantial increase in companies, beyond specific cases explained by a dynamic of disparate activities, with some sectors that rebound faster, others that do not accompany the same growth.”
“In particular, the default payment discount default (CPD) shows an increase in relation to what was seen in the first months of the year, but still within the expected parameters for the economic situation in general and for the risk appetite of banks in particular,” they added.
Segmented growth
The Money rises Although too The economy grows. This situation -according to Hernán Herreramember of Argentina Grande Institute– It is explained because growth is “fragmented.” “In reflection to the social scenario, the business scenario also has better and worse sectors, with units in crisis.”
Among the sectors that fell the most in production, they stand out Metal products (-21% between November 2023 and May 2025), textile products (-15.8%) and Non metallic products (-15.8%). “Round iron and steels are essential elements in the structure of constructions, tubes, pipes, sheets, profiles and fixing elements are also crucial in construction. Construction is among the sectors that have fallen the most product of the adjustment in public works and the dollar costs that have impacted a large part of these 18 months,” said Herrera.
Strong falls are also observed in sectors that cross the consequences of the opening of imports such as textiles (-14.71%) or machinery and equipment (-12.92%).
“Petroleum refining (which fell 6.75%) is for the domestic market, then it goes down as a result of the fall of sectors that use less installed capacity,” said the specialist.
According to a survey of the Argentine Industrial Chamber of clothing (CIAI) begins to deteriorate the situation of the payment chain In the sector: “Companies that report not having significant delays decreased by 9 percentage points compared to the anterior two -month period. On the other hand, Frequent arrears increased by 5 pp, reaching the highest value of the series, while occasional arrears grew by 2 percentage points“They emphasized.
The semiannual survey of ENAC It shows that the payment chain is being resented in SMEs. Six out of 10 companies indicated that collection deadlines were extended to customers unilaterally (59.1% 2T 2025 vs. 33% 1T 2025)highlights the report. Besides, About four out of 10 companies indicated that breach increased (45.1% 2t 2025 vs 33.6% 1t 2025).
As the economist of ANALYTICS CLAUDIO CAPARULOthe credit irregularity ratio of companies is still low, around 1% in the total. “It is true that it goes up slightly, but it still doesn’t seem to be a problem,” he said.
Source: Ambito
