Wednesday , November 13 2019
Home / argentina / Investments: third quarter closed, although it remains 2% higher in the year

Investments: third quarter closed, although it remains 2% higher in the year

The third quarter of 2018 ended with a decrease in investment data, according to the latest report of the investment monitorThe report, compiled by the International Investment and Trade Agency (AAICI), highlights the fall of all investment objects as a result of higher costs import, sector slowdown agrarian and industrial and high level interest rates.

Because of the cost exchange rate, import expenditures increased for the purchase of machines and transport equipment of foreign origin (which fell 15% compared with the same period last year), while credit in the private sector.

With everything from AAICI, they emphasize that the accumulated in the first nine months of the year, it remains positive, reflecting an annual growth of 2% over the same period in 2017,

"We come from difficult months, and today the macro context is more unfavorable.; However, we made a lot of changes and continued to develop initiatives that allow us to change processes and pave the way to improve the business climate in Argentina from scratch. This is something that will stimulate new investments in the medium term, and that will allow the sustainable and balanced development of our economy, ”he said. Francisco Uranga, Director General for Investment of the Argentine Agency for Investment and International Trade.

Meanwhile, in October, the Investment Monitor revealed 23 ads for 1 600 000 US dollarsIn terms of the origin of the country with the largest number of investment ads in the year were Mexico belgium and Portugal.

In the third quarter, foreign direct investment flows reached 3.15 billion US dollars 5% lower for the same period of the previous year, of which 2100 million US dollars they reinvested the profits 710 million US dollars contributions from shareholders and 340 million US dollars debt with matrices.

Source link