The company of FV taps made the decision to suspend 600 employees from his factory Pillar for almost a month. The sharp drop in construction hits supplier companies in the sector.
According to the company, most of the affected workers by suspensions they perform in lines for the domestic market, hard hit by the recession. Those who are dedicated to the manufacturing of products for export will continue to carry out their usual tasks.
The schedule of suspensions It will start this month and end in July. It will be 26 days in total: 10 days in May, 7 in June and 9 in July. Meanwhile, the affected people will receive 80% of the salary net for those days.
Fall in construction: cement dispatch collapsed
The production of construction supplies is one of the sectors most affected by the recession. Cement shipments fell -42.9% so far this year.
In the same trend, the Index Build (which covers the sale of construction supplies) recorded a -40% drop. From Build They affirm that the downward trend in materials shipments and final consumption is due to the economic uncertainty that affects the consumption of construction inputs.
There were also drops of 46.1% in manufactured concrete; 43.7% in hollow bricks; 43.1% in portland cement; 41.6% in mosaics granitic and calcareous; 40.5% in limes; 38.2% in floors and ceramic coatings; 37.7% in sanitary articles ceramics; 32.8% in the rest of the inputs (includes faucets, seamless steel tubes and glass for construction); and 24% in paintings for construction.
The industry does not recover and continues to decline
The Argentine industry is on its way to completing a year of uninterrupted declineas a consequence of the sharp drop in demand for goods, product of the loss of purchasing power.
According to the Argentine Industrial Union, in March the activity registered a 17.2% drop in the annual comparison and 4.7% monthly without seasonality.
It was about tenth month consecutive fall and, with this data, The first quarter of 2024 accumulated a year-on-year decrease of -11.7%.
March data was affected in part by fewer business days and specific issues in some sectors.
The advance data for April reflect that the year-on-year decline persists, although a slight improvement could be observed compared to March; which was at a very low level. They show an improvement compared to March of +13.8%.
However, in year-on-year terms, the downward trend in production still remains (-21%).
Source: Ambito
