The decrease in consumption, which reduces industrial production, also significantly affects invoicing. And this Turnover of group companies decreased by 10.2% in the first half of the yearMetal, toys and shoes are of great importance in the province of Alicante and are at the top of the list of mishaps. The Milan shoe fair, which continues until this Wednesday, confirms the slowdown in some of the industry’s main international markets, but the extent of the worrying dynamic it has entered is not yet known.
The industry of the Valencian Community and, by extension, the province of Alicante is suffering intensely from the consequences of inflation and the decline in consumption caused by rising rates. In general terms, the low purchasing power of buyers and uncertainty about the course of the economy led to an annual decline of 6.4% in industrial production, which represents the largest contraction in this indicator since the emergence of the epidemic.
This decline in activities is also reflected in the free-falling turnover of companies. One of the sectors that led the decline was metallurgy, whose turnover decreased by 22%.. “We work for various sectors that are greatly affected by the decline in consumption and the rise in interest rates,” emphasizes Luis Rodríguez, President of the Federation of Metal Entrepreneurs of the Province of Alicante (Fempa). resulting They reduced their investments in machinery and production processes. “We have entered a dangerous cycle and are losing our competitiveness,” he laments.
There was also a 12.2% decrease in the toy’s turnoverThis was due, among other factors, to the distribution-induced oversupply, which caused orders to remain at minimum levels in the first half of the year. This was stated by José Antonio Pastor, director general of the Spanish Association of Toy Manufacturers (AEFJ). believes that the situation will tend to improve in the last months of the yearThe forecast is based on the positive signals that exports have already begun to emit.
Footwear was the sector that reduced its production the most to adapt to the new market reality.This was reflected in turnover, as expected, and it fell by 6.8%. Marián Cano, president of the Valencian Association of Footwear Entrepreneurs (Avecal), warned that, as in fashion in general, the decline in consumption is particularly visible in non-essential products. AND This fact was noticed at the Micam fair in Milan57 shoe companies from the state participated in the competition, and as of this Tuesday, 39 more component companies will participate in the Lineapelle competition in the same Italian city. Cano underlines that the participating companies are working, but he is aware that customers are also expressing their concerns about the context in which they live. “The slowdown is clear, but time will tell how far it will go,” he says.
Textile is another sector that noticed the decrease in turnover, albeit to a lesser extent.Especially at 4%, and just this Tuesday the Home Textiles Premium by Textilhogar fair starts in Valencia and, according to Pepe Serna, president of the autonomous association of the sector (Ateval), this will be a good barometer to measure the performance of the textile industry. severity of the crisis.
On the other hand, there is the food sector, whose turnover grew by 2.8%..
Source: Informacion
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