The best performance in November was “Textile and Clothing”, with an annual growth of 12.8% in its production, at constant prices. The worst occurred in “Paper and Printing”, with a drop of 13% year-on-year.
The production in SME manufacturing industry experienced 0.9% year-on-year growth in November at constant prices, marking the second consecutive month of increase, as reported by lArgentine Confederation of Medium Enterprises (CAME). However, despite this improvement, there is a cumulative drop of 0.4% in the first 11 months of the year.
Meanwhile, in the monthly comparison, production fell by 0.2%. During this month, companies operated with 73.3% of their installed capacity, an increase of 1.5 percentage points compared to October. Also in November, 63% of signatures reported difficulties in replenishing stocks, especially in obtaining raw materials and inputs, with notable variations within the same area.
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Despite the growth, industries warn of a complex panorama due to the acceleration of inflation, which generates problems in determining costs, replacement prices and future scenarios of different variables.
Entrepreneurs’ expectations focus on a eventual normalization in the supply of inputs and parts of imported origin. However, they anticipate a certain decline in demand, attributed to the increase in prices of imported merchandise. This context highlights the need to adaptability and decision making in a dynamic economic environment with important definitions still pending.
These results arise from SME Industrial Production Index (IPIP) prepared by CAME, with a sample that reached 413 SME industries at the federal level.
SME industry: analysis by sector
The best performance of November was “Textile and Clothing”, with an annual growth of 12.8% in its production, at constant prices. The worst occurred in “Paper and Impressions”, with a drop in 13% year-on-year.
In the cumulative total of the year, the best sector grade was “Food and drinks” and “Textiles and Clothing”, both with an increase of 4.6% compared to the January-November 2022 period, while “Paper and Printing” had the worst with a drop of 15.3%.
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Source: Ambito
