Macroeconomy/Finance

72% of Argentine companies recorded a drop in sales

72% of the companies registered a drop in sales due to the measures adopted to face the coronavirus pandemic, according to a survey by the Center of Studies of the Argentine Industrial Union (CEU). The study, conducted on 607 companies of various activities, regions and sizes between April 13 and 15, showed losses of 60%. As for the projections on personnel salaries, 87% of the companies have severe difficulties in paying them; 64% say they will not be able to pay them and another 23% that they will only be able to pay approximately half, the report added.

Source: Ámbito

Categories: Macroeconomy/Finance