Consumer durables is a cataloguing of consumer goods that are not essential to be bought very often as they are fashioned in a way so as to last for an extended period of time. Profits in the consumer durables sector were most profoundly…
BMI View: The Argentine economy faces significant headwinds in 2016 with a minor recessionary outlook
forecast for the year. Currency devaluation will boost competitiveness of the country's exports while
increased cost of foreign goods will weigh in on demand. Nevertheless, we are hopeful that the dynamics
across the freight modes will improve in the medium term as the economy begins its road to recovery.
Furthermore, elevated spending will prevent growth prospects from turning negative. We are still
maintaining positive outlooks for all freight modes in 2016, albeit with subdued growth rates. Our forecasts
envision stronger upticks from 2017 onwards when the economic landscape is more conducive to growth,
bolstered by a stronger trade outlook.
Key Updates And Forecasts
? Air freight volume is set to grow by 1.6% to 122,800 tonnes in 2016, making it the outperforming sector
in terms of growth.
? Rail freight hauled in 2016 will rise by 0.21% to 25.7mn tonnes.
? Road freight volumes will increase by 0.21% to 263.1mn tonnes in 2016.
? Tonnage throughput at port of Buenos Aires will increase by 1.8%, taking the handling figure to
? Tonnage throughput at the port of Bahia Blanca reach 1.2% in 2016, or 13.169mn tonnes.