With the close of last semester, and based on a survey of medium and large businessmenit was concluded that expectations for next year were reduced by 15%, an effect caused by the moderation of growth projections due to global economic instability.
A survey conducted by the Monitor of Productive Sectors Consultant Optionpublished by El País, showed that the climate of economic expectations maintains favorable balances despite the increase in the valuations they express of “regular” economic expectations for next year. The survey was carried out on 140 medium and large companies from 23 different sectors in a period between February and June of this year.
This is because the balance of expectations decreased by 15%, going from 56 to 41%. Despite being immersed in a uncertain economic context, the favorable numbers of the Uruguayan economy such as the data on the increase in employment, household consumption, an improvement in growth projections for next year and the increase in investments ensured that expectations remain firm.
On the other hand, a decline as for the expansion projections on the part of the business community that expects 2.9% for next year, while last year they projected 6.6%. This is due, in part, to considerations of the international as well as national market, the exchange ratethe climatic factors and the regional economic context.
What about employment and investments?
Despite having achieved an increase in the personnel hiring, Businessmen were reluctant to increase employment. In that sense, 60% showed that will maintain its workforce, 22% expect a retraction, while 10% project an increase in their number of employees. This means that employment expectations are -12%, while last year it was 13%.
Regarding investments, the business community remains optimistic with 53% projecting maintain your investments, 34% plan to increase them, while 13% estimate that they will be reduced. For its part, last year’s numbers were 52%, 37% and 11%, respectively, which means a decrease in intentions to increase investments.
Increasing profitability
As for the profitability of medium and large companies, These continue to increase since the pandemic without interruptions. In this sense, 42% consider that the returns are good or even very goodwhile another 42% consider them “neither good nor bad” and 18% consider them “bad or very bad”. Last year’s percentages were 43%, 35% and 22% respectively, reaching an increase in the evaluation balance of 24%, while in 2022 it was 21%.
For their part, regarding the challenges of profitability, 22% established that the challenges come from the reduction or effective management of costs14% is related to the technological and digital transformation, while 12% estimate that they have to do with el increase in productivity or efficiency.
Source: Ambito
