Friday, September 21st 2012 - 06:13 UTC

Argentine industrial production and outlook stable in August

Argentina’s industrial output fell 0.8% last August when compared to the same month last year, according to the country’s stats office Indec. However it improved 0.7% when compared to July but dropped 1.2%, points out Indec Monthly Industrial Estimate

Oil refining had an excellent performance

Basic metal industries suffered most plunging 19%, followed by chemical products, down 0.4%, mineral non metallic product, 3.9% and the auto manufacturing 5.6%.

On the positive side petroleum refining soared 15.8%, followed by food 4.4%; tobacco, 10.4%; textiles, 9.5%; paper and cardboard, 3.9%; printing, 2.5% and rubber and plastic, up 8.4%.

Regarding manufacturing performance estimate during September, 89.9% of companies anticipate a stable domestic demand rhythm while 6.5% foresee a slight increase and 3.6% have a negative view.

As to exports from the different sectors, 76.7% of companies surveyed said they estimate a stable performance in September compared to August, while 14.8% anticipate an increase in sales overseas and 8.5%, a fall.

Additionally 89.9% of companies surveyed do not expect changes in stocks of finished goods compared to the previous month, but 6.1% see a downfall and 4% an increase. As to jobs and contracting, 98% of companies do not anticipate changes in the number of staff compared to August. But 1.3% are looking to having lees employees and 0.7% will increase hiring.

Industry overall is working with fixed capacity usage of 74%.

10 comments Feed

Note: Comments do not reflect MercoPress’ opinions. They are the personal view of our users. We wish to keep this as open and unregulated as possible. However, rude or foul language, discriminative comments (based on ethnicity, religion, gender, nationality, sexual orientation or the sort), spamming or any other offensive or inappropriate behaviour will not be tolerated. Please report any inadequate posts to the editor. Comments must be in English. Thank you.

1 briton (#) Sep 21st, 2012 - 10:59 am Report abuse
Stable ,stable ,,
To late to shut the door,
After the horse has bolted,

As long as others get the blame for your failure,
You can claim whatever success is left .lol.
2 MaxAue (#) Sep 21st, 2012 - 11:47 am Report abuse
“As long as others get the blame for your failure,
You can claim whatever success is left.”
...that's a pretty nice quote :)
3 Ken Ridge (#) Sep 21st, 2012 - 12:15 pm Report abuse
How much of this is Gov fabricated? I don't doubt it's more cover up's and lies from Arg. If things are so stable why the need for such extreem protectionist measures & Dollar clamping?
4 Simon68 (#) Sep 21st, 2012 - 01:24 pm Report abuse
INDEC miente!!! (INDEC lies)
5 KretinaK (#) Sep 21st, 2012 - 09:18 pm Report abuse
Argentina is a banana republic with a ridiculous “sudaka” president with a blown up botox face and hair extensions. She is as fake as they come, she is a low level dirty thief and the whole world knows it and that is why Argentine currency is not accepted ANYWHERE. The people in the banana republic of Argentina, the rest of the “sudaka” population, think they are important because before 1950, when fascist President Juan Domingo Perón and his cheap prostitute wife Evita came into power and stole the country's gold and money, and accepted jewelry that belonged to the Jews in eastern europe in excange for letting the Nazi criminals hide out in Argentina, Argentina was a normal and prosperous country. Ever since Peron was in power, Argentina has become a dirt bag country and the current president is a dirt bag populist banana queen that soon will destroy the country once again, like has happened so many times, Argentine dirt bags never learn. They are the same stupid “sudakas” as always. At the protest outside of the Kennedy school the day the banana botox queen gives her speech, protesters are going to stand out yelling “KRETINA LA REINA BOTOX” with bananas in their hands. And please tell the botox queen to inject a lot of botox in her neck before she gives her speech, the turkey neck is hanging down so low it looks like my scrotum!
6 LEPRecon (#) Sep 23rd, 2012 - 01:20 pm Report abuse
Well it must be bad if the best INDEC can report is stable.
7 British_Kirchnerist (#) Sep 24th, 2012 - 01:48 pm Report abuse
“On the positive side petroleum refining soared 15.8%”

And some people thought nationalisation didn't work...

#5 What is “sudaka”
8 Captain Poppy (#) Sep 27th, 2012 - 02:21 pm Report abuse

Derogatory slang for a south american=sudaka
9 British_Kirchnerist (#) Sep 27th, 2012 - 11:59 pm Report abuse
Well thats a bit pointless, they think Cristina is a bad leader because she's South American? Would they rather Argentina had a North American President?!
10 Captain Poppy (#) Sep 28th, 2012 - 10:10 am Report abuse
You really should visit what you think is Emerald City. No value.

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!


Get Email News Reports!

Get our news right on your inbox.
Subscribe Now!