In a month of strong volatility in the price of the dollar and interest rates, manufacturing firms accused greater financial problems. The low internal consumption remained the main problem.
After weeks of volatility in the dollar and interest rates, The companies of the manufacturing industry accused receipt through the deterioration of their businesses and the worsening of expectations For the coming months. While internal consumption does not rebound and financial problems gained ground among the main difficulties of the sector, practically no signature plans to increase employment towards the end of the year.
Through the new Business Tendency Survey of the manufacturing industry, the INDEC reported Monday that 50.9% of industrial companies said in August that the level of orders was “below normal”. It was the fourth consecutive month with an increase in this percentage.
Most companies (49.4%) selected “insufficient domestic demand” as the most important factor that limits its production. However, the weight of this element was reduced with respect to the previous month, giving rise to the growth of other variables, mainly “financial problems”, “economic uncertainty” and the “competence of imported products.”
Amid the uncertainty and volatility of fees, the financial problems of industrial firms grow
A symptom of financial difficulties was the fact that, in the eighth month of the year, only 5.6% said they have facilities for the access to credit. In parallel, 32.5% expressed serious difficulties, when in May that percentage was 19.5%. It was the third month followed with worse data to the previous ones.
It is worth remembering that, between mid -July and mid -August, The interest rate for advances to companies tripledgiven the strong volatility unleashed with the disarmament of the Lefis and the attempts of the government to contain the price of the dollar.
Faced with this panorama, 15% of industrial companies expect to increase production in the next three months, while Only 4% expect to increase employment between September and November. Also, only 11% expect a better business situation as a whole.
Source: Ambito
