Investment in machinery and equipment registered a contraction of 4.7% for the second month of the year, accumulating a decrease of 8.2% for the first two months.
Monthly Gross Domestic Investment (IBIM-OJF) in industries recorded in February a drop of 12.2% year-on-year measured in terms of physical volume (not counting the effect of inflation), accumulating a contraction of 13.3% for the first two months, according to the consulting firm Orlando Ferreres.
The investment in machinery and equipment registered for the second month of the year a contraction of 4.7%accumulating for the first two months a drop of 8.2%. In detail, the teams imported recorded an advance of 5.9%, while those of origin national they fell 15.5%.
While, Investment in the construction sector showed a contraction of 17.7% annually in Februarycontinuing with the acceleration of the decline rates that the sector has been showing in recent months, accumulating a decrease of 17.3% for the first two months.
Thus, “Investment continues to register negative rates in the annual comparison, although it remains at higher levels than last December”indicated the work.
In detail by rubro, durable construction and equipment show an acceleration in their declinea, while the purchase of imported machinery shows a recovery, related, perhaps, to exchange stability.
Investment: what to expect in the coming months
“In the coming months it will be difficult to see a significant improvement, due to the recession and the stocks”noted OJF.
However, he added: “If the interest rate decline is sustained, we could see some improvement in investment levels from greater access to creditespecially if in the coming months the Government manages to reduce inflation significantly, begin to dismantle exchange controls and show greater economic stability in general.”
Source: Ambito
