2024-09-19 23:20:00
Although the government is optimistic about economic recovery, Textile industry Still mired in major crisis: 72% of companies report sales decline The two months from July to August.
This is clear from the fourth survey Argentine Chamber of Clothing Industry (CIAI)which shows that clothing is sold nationwide down 11% Compared with the same period last year.
Trade balance recorded ninth consecutive surplus in August
Dictators don’t like this
The practice of professional and critical journalism is a fundamental pillar of democracy. That’s why it bothers those who think they have the truth.
Signs of crisis in the textile industry
According to CIAI calculations, the contraction was 22.7% in January and February; -22.5% in March and April; -7.8% in May and June; and -11.3% in July and August. “The reported decline is again significant compared to the previous two monthsHowever, growth slowed in the autumn compared with the first two months of the year,” they noted.
In statistics, 37% of respondents said that the trade contraction in the first two months was between 15% and 25%. at the same time, 41% experienced staffing reductionswhether due to retirement and/or resignation or dismissal without replacement.
“37% of companies are considering layoffs and/or closures in the coming months. Compared with the previous survey, participation this time increased by 9 percentage points. Reducing employees due to retirements and/or resignations without replacement and layoffs have become the main measures for companies to deal with the current severe situation.
about the economic background, and76% of companies pointed out that demand contraction is the main problem at the bi-monthly level. In this sense, the barrier has grown again compared to the previous two months, although it is still lower than the participation level in the March-April period.
“On the other hand, the issue of payments to foreign suppliers disappeared among respondents,” the study added. “Perceptions of demand issues rose by 4 percentage points compared with the previous two months of the survey, when 1% of respondents 72%.
Textile industry expected to improve
At the same time, the unit verified Positive expected growth of 8 percentage points Regarding previous investigations: “Conventional expectations continue to dominate among respondents, with 51% saying. 24% of respondents expressed good expectations, which represents a positive change of 11 percentage points compared to the previous two months.
At the same time, the fourth poll Textile industry Very negative views increased, reaching 4% of copies. As for the “negative” category, it dropped by 5 percentage points compared to the May/June questionnaire.
Finally, inventories at textile companies appear to be normalizing. indeed, Excess inventory dropped by 17 percentage points from the previous survey. “Despite the improvement, 38% of companies still face high inventory levels relative to their sales. Compared to the previous two months, the number of companies reporting insufficient inventory levels relative to their sales doubled. , reaching 12% of companies.
They concluded: “The industry’s payment chain is returning to health as excess inventory is reduced. However, payment disruptions have re-emerged. There was a 6 percentage point increase in ‘no significant delays’ responses compared to the previous survey , while ‘occasional arrears’ fell by 11 percentage points.
Most Favored Nation/LM
1726789333
#Textile #industry #crisis #companies #reduced #sales
