Industrial Deterioration in July: Production and Sales Fall Due to the Weakness of the Domestic Market
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A survey by the Argentine Industrial Union of more than 600 companies showed a further deterioration of the activity during July. Half of the firms consulted had lower sales on the domestic market and 42.9% reduced their production. Micro and small companies were the most affected by the fall in demand.
The UIA Study Center (CEU) revealed a further decline in industrial activity in July, noting the weakness of domestic demand and the increase in costs as major factors.
According to the UIA study of more than 600 companies, production and sales fall due to the weakness of the domestic market Entry Numbers in red: half of the industrial companies showed declines in their sales during July was first published in El Ciudadano.
In addition, the UIA warned that 47.5% of companies “had difficulty coping with at least one of their usual payments.”
A report by the UIA Study Centre (CEU) on more than 600 companies reveals that almost half of them reduced their levels of activity.
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