For July, they said that sectoral data “show certain heterogeneous improvements compared to the low levels of June and a moderation in the year-on-year falls.”
The UIA provided details of its next report. In this regard They indicated that they expect the activity to have reached its lowest point in the second quarter and project a slight improvement for the third.. Despite this, they warned that this reputation is conditional. On this last point they referred to the macroeconomy, costs and competitiveness.
The business chamber revealed that June saw sharp declines both on a monthly and year-on-year basis. These data come from the survey of industrial activity, which will be published in the next few days. Among the factors that justify the drop are: holidays, floods in southern Brazil and some plant shutdowns.
“The dynamics of the third quarter It is estimated that it could show a moderation in the annual decline and an improvement compared to the second quarter”they projected but explained that this will depend on the “macroeconomic context, costs and industrial competitiveness.”
The RIGI and the SME Law: what is the UIA’s position?
From this entity They again insisted that the RIGI “must strengthen the network of national suppliers and be regulated to that effect, as the spirit of the law suggests”.
They also called for “instruments that allow the domestic market and value chains to be protected from unfair competition” from imported products and for the reduction of logistics costs, especially port costs.
Regarding the SME Law, they explained: “The proposals that should be included A new SME Law includes an agenda of measures to restore the dynamics of the domestic market (focused on the development of local production, consumption and formal employment) and the promotion of exports with added value (increased refunds, lower duties)”, the chamber argued.
Source: Ambito
