Business

Stagnant SME production fell 0.3% in January

The production of industrial SMEs in January registered the lowest decline in the last 20 months, with a 0.3% fall compared to the same period of 2019, the Argentine Confederation of Medium Enterprises (CAME) reported. Six of the eleven surveyed items fell and only one remained unchanged. The four sectors with annual growth were Food and beverages (0.2%), footwear and leather goods (1.9%), chemical products (11.9%) and textile and clothing products (2.3%). Although in the first month “43.9% of the companies consulted grew, the consumer climate in the market has not yet improved,” says the CAME report.

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