Machinery: Business Outlook for the Region

If the quarantine and mobility restriction measures are extended by two months, it is forecast that by the end of the year the annualized demand for repair and maintenance services of machinery and industrial equipment in Central America will have fallen by 5%.

Friday, March 27, 2020

The "Information System for the Impact Analysis of Covid-19 on Business", prepared by the Trade Intelligence Unit of CentralAmericaData, measures the degree of impact that the crisis will have on companies according to their sector or economic activity, considering different scenarios for the coming months.

It is expected that this year the income of companies dedicated to repair and maintenance service to machinery and industrial equipment in the region could fall up to 7%, if in Central American countries the measures of isolation of people and restriction of mobility decreed by the governments are extended for three months.

According to the interactive report, it is estimated that in this context of health alert, the reduction in demand for maintenance and repair services for machinery used in the mining sector will largely explain the drop in sales in the sector.

The services provided to companies dedicated to the manufacture of concrete is another activity that, to a lesser extent, will affect the business of maintenance of machinery and industrial equipment.

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