A study conducted by Industrial SMEs They show warning signs in terms of employment, activity, consumption and international competitivenessand emphasize that “2025 urgently requires the beginning of a new stage focused on reactivation policies and economic stability “
The position of entrepreneurs was expressed in the last situation of the “Argentine SME Industrial Observatory”, where they express that “Argentine economic activity has been accumulating 18 months of sustained contraction, with an accumulated PBI drop from 3% to the third quarter of 2024“In that context, they point out that” a recessive panorama with stabilization signs persists. “
In their registration, they indicate that in November 2024 the index of Manufacturing Industrial Production had an year -on -year reduction of 1.7% and an accumulated setback of 10.7% in the first eleven months of the year. However, they stressed that there were items that had growth, especially food and drinks (+8.4%), attributing a recovery of the drought of 2023.
On the other hand, they emphasize that installed capacity in the Argentine industry reached 62.3%which shows a fall in interannual terms (in November 2023 it was 66.4%) and in front of its previous month (in October 2024 it was 63.2%). Again, they point out that the food sector exhibited an interannual improvement of 1.7%, mesites if compared to the sectors of non-metallic mineral products (-13.7%) and basic metallic industries (-12.2%).
In that line, they celebrate the Commercial surplus of US $ 1,234 million that had the country in November 2024, promoted by the Growth of the exported amounts, together with the fall in imports and the internal economic slowdown. “A historical surplus of USD 21,000 million is projected at the end of 2024, but uncertainties persist in terms of sustainability due to downward international prices and a weakened domestic economy. The economic policies of 2025 must focus on diversifying markets and recovering competitiveness” , they indicated.
Prices, employment and consumption
In the report, the Industrial SMEs They also stressed that there was a “Mild slowdown “of inflation that reached the 117.8% per yearbut they warned of the services priceswhose 4.4% increase promoted inflationary pressures“led by repeated tariff adjustments and operating costs.”
Likewise, they highlight their concern about the Registered employment dropwhich in September of 2024 registered a reduction of 2.2% year -on -year, representing a loss of 214,592 positions. “Industry and construction lead the casualtiesreflecting economic weakness and urgent need for reactivation policies, “they said.
At the same time, consumption also had interannual casualties according to its October 2024 registration, reaching 17.8% falls in Supermarkets22.8% in wholesalers and 7.8% in Shoppings. “The contraction reflects less purchasing power and raises urgent challenges to reactivate internal consumption and economy“They said.
Finally, the report advances in an analysis of The real exchange rateunderstanding that the Argentine weight “40%were appreciated, reaching historical minimums since 2015 and Committing export competitiveness“.” Although the controlled devaluation policy managed to stabilize the market, risks associated with the current account and external pressure deficit by exchange adjustments in 2025, “they add.
Source: Ambito
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