translated from Spanish: Argentina: less production and higher unemployment and machinery without using

the Union Industrial Argentina (UIA) presented a report where it records a collapse of 7.7% in September, compared with the same month in 2017. At the same time, warn about the increase in the loss of jobs recorded in the sector during August. 4.162 jobs, being the ninth consecutive negative trend month were lost.

If the comparison is made with respect to August of 2017, there were 32.622 employees less. In the same period manufacturing experienced a 3.8% retracement, said the manufacturing entity in the statement.
“The decline in September was generalized to all industries with the exception of basic metals and paper that presented no variations: ten of the twelve analyzed products presented falls”, explained the UIA.

The textil-indumentaria chain was the most affected, with a reduction of 25%. Followed by the automotive industry with a fall of 20.6%. The production of substances and chemicals had in September, a fall of 3.1% and food and beverages 2.2%. When we see the use of the installed capacity, i.e., how much is used throughout the industrial potential, we see a turn back of 7.8% compared to the level that they had in the same month in 2017, reported INDEC. Used 61.1% of the installed capacity in the industry, being the second indicator lower than of the year with a drop of 1.9% in August. 
According to the figures, the production of products of rubber and plastic, Edition and printing, textile industry, metalworking and automotive, are operating below half of its production capacity, a far cry from the “full employment”.

In the interannual comparison the textile industry is that fell over their productive capacity and fell by 28.1%. It is followed by the automotive industry, where the decline in exports and the fall in the domestic market, caused that this industry using only 44.8%, which means a drop of 21.5%, with respect to the levels of production of the industrial 2017.Los September They show concern to months that do not appear to improve in relation to domestic consumption. The textile sector is on high alert due to the seasonality that marks that January and February are more braked than the previous months, so the Outlook is negative.

Original source in Spanish

Related Posts

Add Comment