Industrial input price increases up to 50% in dollars, impacting SMEs performance

The costs of industrial inputs grew between 10% and 50% in dollars, according to the different sectors, affected by the drop in supply and by the coverage against devaluation pressures. A report by the Argentine Industrial Pymes group (IPA) indicates that the most affected products are plastics and steel used by manufacturers of household appliances and materials for the automotive industry. The deterioration of the purchasing power of customers caused by the exchange rate instability is of concern because it ends up affecting demand.

Source: Ámbito