The UIA warns of a slowdown in activity in the first quarter

The UIA warns of a slowdown in activity in the first quarter

A preview of the report that is released monthly by the UIA Study Center (CEU) set off the alarm among industrialists, especially those from the interior of the country who reported problems with logistics.

“The Study Center presented advances of the data collected during the first quarter of the year,” says a statement from the entity.

It indicates that “Preliminary information shows a slowdown in the pace of activity growth in the first three months of the year, which is explained in part by the impact of the third wave of Covid-19 during January.”

“In addition, the perspectives for 2022 were addressed, where the impact of the international and macroeconomic contexts on the sector was analyzed,” the report indicates.

Among the problems that were analyzed in the meeting, the need to start up the energy table, before the arrival of the winter cold, and the obligation to administer the gas. In addition, businessmen reiterated their claims for the lack of dollars to import supplies.

“The sectoral and regional representatives analyzed the evolution of the activity in recent weeks, the impact and concern for logistics costs -increase in freight and containers-, transportation problems -strikes at border crossings, the state of the Buenos Aires/Santos-, the need to boost effective access to foreign currency for the purchase of imported inputs and the importance of articulating the energy table for the winter period, among others,” said the UIA Board after the meeting.

The data of the UIA regarding a lower registered activity They coincide with private estimates that indicate that in the first months of the year the effect of last year’s inertia is more noticeable.

A report from the Mediterranean Foundation indicates that the behavior of tax collection linked to domestic activity in the first quarter would be compatible with a decrease of 2 GDP points in activity, taking into account that 2021 ended with an inertia of 4 GDP points.

Source: Ambito

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