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UIA Pushes for Credit Lines and Lower Rates to Arrest Industrial Slump

A meeting with Economy Minister Luis Caputo outlined a federal outreach to secure stable rates, SME credit lines, trade-rule tightening to halt mounting job losses

La UIA reafirmó su preocupación por el nivel de actividad industrial y pidió generar líneas de crédito para sostener la producción
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Overview

  • UIA board urged stabilizing interest rates at levels compatible with company capacities and establishing dedicated credit lines to bolster SME production and working capital.
  • The UIA’s Centro de Estudios reported 37,000 industrial jobs lost since August 2023 at an average of 1,000–1,500 per month, signaling a plateau in the recovery.
  • Industry’s manufacturing price index rose 86% since December 2023 versus a 150% increase in consumer prices, highlighting factories’ efforts to contain inflation.
  • Leaders warned that rising smuggling and lenient Mercosur auto rules of origin risk undercutting local manufacturers and intensifying unfair competition.
  • President Martín Rappallini set out a federal outreach schedule following talks with Minister Caputo to advance labor, tax and trade reforms.