The Fabrile Central raised the need for new lines of credit to appear for production and warned about the risks that drown the recovery.
The high levels of interest rate that the national government is willing to maintain to prevent the dollar It approximates the ceiling of the flotation band, they are not only a concern for the market for the effects it can have on the increase in local currency debt, but in the world of real economy, Entrepreneurs fear that they drown recovery.
They see it from the Argentine Industrial Union (UIA), whose board of directors met at the headquarters of Avenida de Mayoas is traditional on a Tuesday in between. There are camera managers and Unions of the interior of the country that usually raise their problems more crudely.
“The UIA authorities expressed their concern for the level of activity And they highlighted the importance of generating lines of credit to sustain production and employment, “said the entity in a statement.
“Although they highlighted the relevance of the macroeconomic system, the decrease in inflation and fiscal balance, highlighted the need to take into account the various sector realities “indicates the note issued after the meeting.
There it is indicated that “Board members indicated that interest rates should stabilize at a reasonable level for the capacity of companies” Meanwhile “they highlighted the need for credit to sustain working capital, particularly in industrial Pymis, in a context of pressure on costs.”
They warn industrialists for the loss of employment
He UIA request in relation to small and medium -sized companies after the decision of the Secretary of the Area, Marcos Ayerra, to resign from his position, was disseminated. The previous week in a streaming program of the General Business Confederation of the Argentine Republic (CGERA) the official had recognized that During 2024 some 13,000 companies had been lost. And he argued that although SMEs the mortality rate had decreased in relation to the historical average, the problem in the management of Javier Milei was the lowest rate of new signatures.
Depending on this, and before the minor Activity recorded by industry sectors, the head of the UIA, Martín Rappallini, He warned about the loss of employment in the sector.
In that sense, the UIA Studies Center (CEU) reported that the industry averaged a drop of 1,500 jobs per month in the last quarter, with an accumulated loss of 37,000 jobs since August 2023. The heterogeneous recovery initiated last year is showing some featuring in the last 5 months, they said from the entity.
At the meeting it also stressed that the industry has been doing An important inflation effort. While the CPI accumulated since December 2023 was 150%, the manufacturing IPIM in the same period was 86%.
Source: Ambito
