On the other hand, seven out of ten companies see macro predictability as essential to driving investment. The main elements to boost investment, 50% considered tax relief 50%, 58% sustained growth and 70% macroeconomic predictability.
The licenses that cause the most concern continue to be those for Covid-19, since 20% of the firms saw their logistics affected for this reason, the UIA reported.
At the same time, the report highlights that the industry grew in 2021 around 15% year-on-year. Among the factors that boosted production last year, the UIA mentioned “the international economic recovery, the changes in consumption patterns in favor of goods, the improvement in the health situation due to advances in vaccination campaigns “.
Likewise, the manufacturing entity highlighted, in a statement, “the macroeconomic context conducive to the purchase of durable goods in the face of the high exchange rate gap and some measures to boost the industry (stability of interest rates, program Now 12, credit programs with lines at affordable rates especially for SMEs).
However, the UIA warned that the recovery “was heterogeneous across sectors and company sizes.” The evolution of The activity was reflected in the fact that the percentage of companies with a recovery in production increased from 24.7% in the first survey carried out in January 2021, to 41.8% in the last survey in October.
Regarding access to financing, “a high degree of knowledge of the lines promoted by the Government” was identified. In addition, the percentage of companies with increased sales to the domestic market went from 26.3% in January to 39% in October. The percentage of firms with Staffing growth also increased consecutively throughout the year (from 17% in January to 27% in October).
As for theinvestment, the percentage of companies rose from 57% to 71% that they considered in October “that it is a good moment to invest in machinery and equipment”.
Regarding the challenges for 2022, the work of the UIA highlighted that “the objective is to sustain the recovery process in a year that will be crossed by various fronts of uncertainty both at the international and local levels.”
In the international arena, “low growth is expected from the main trading partners (Brazil: 0.3% and China 5.1%), higher world inflation, the value of freight at high levels and the withdrawal of monetary stimuli in the developed countries, with possible rises in interest rates”.
At the local level, among the biggest concerns for the year, companies highlighted price instability and general macroeconomic uncertainty.
“Expectations for the year are generally positive”, said the UIA, although it warned that “54% of companies expect a better economic situation for their firm for the next year and to make investments, while this proportion drops to 28% in relation to the economic situation of the country” .
The survey was carried out by the UIA to 347 companies from various activities, regions and sizes between November 16 and December 6, 2021.
Source From: Ambito
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