The Argentine Industrial Union (UIA) published a detailed report on the situation of industries nationwide in April 2024, based on surveys carried out among 1,200 Argentine companies and with data from Entre Ríos.
Among the main indicators, a drop in production in 53% of industries nationwide, compared to the previous quarter, while only 12% report an increase.
Less production
In Entre Ríos, 43% of the industries surveyed indicated a decrease in their production level.
Regarding internal sales, 59% of national industries reported a reduction in quantities sold in April compared to the previous quarter, while in Entre Ríos this drop was reported by 51% of the companies. The external sales, Also, they decreased by 37% at the national level and in a 36% at the provincial level.
Despite these figures, both indicators showed a slight improvement compared to the last survey in January 2024, although they remain significantly worse compared to April 2023.
In terms of employment, 24% of domestic industries reported a decrease in the level of employment in April 2024, an increase compared to the 21% recorded in January, reaching the highest value since the beginning of 2021.
Additionally, the 24% of industries have implemented staff suspensions and another 25% are considering this measure.
The general situation of companies reflects that 58.4% of national industries consider that their situation is worse in April 2024 compared to the same month of the previous year.
In Entre Ríos, 50% of the industries surveyed perceive themselves to be in a worse situation than a year ago.
READ MORE: Industrial production: fell 20% in the province
Despite this panorama, the Future expectations show a certain optimism. At the national level, 62% of industries expect to be in a better situation within a year and 68% trust in an economic improvement in the country, figures that represent a significant increase compared to previous evaluations.
In Entre Ríos, 74% of the industries consulted have positive expectations about their future situation.
However, this optimism does not translate into investment expectations.
Only 34% of national industries consider that it is a good time to invest, a low percentage in the UIA historical series, although slightly better than the 30% registered in January 2024. In contrast, In Entre Ríos, 54% of industries see the moment as favorable to invest in machinery and equipmentpublic The eleven.
