Wednesday, February 27th 2013 - 01:52 UTC

Argentina’s industrial production marked a modest 0.2% rise in January

Argentina's industrial production started the year with a modest improvement rising 0.2% in January from a year earlier after output shrank 1.2% in 2012 as a whole, government data showed. Factory output rose 0.6% in January compared with December, seasonally adjusted.

Auto  sales to Brazil remain crucial for industrial production

In the crucial automobile industry, which suffered the impact of slowed Brazilian demand last year, production rose 5.3% versus January 2012.

However output fell 36.1% over December 2012 probably as a result of planned maintenance stoppages during the peak summer month.

In December, Argentine industrial production dropped 3.4% from a year earlier in non-seasonally adjusted terms, and dipped 0.6% versus November. Industrial output fell in 2012, marking the first decline since the economic crisis a decade earlier.

This stemmed in part from a downturn in the auto industry, although tough import rules also played a role by delaying the entry of some foreign-made parts and currency controls hurt investment.

Growth in Latin America's No. 3 economy slowed sharply in 2012 after booming during most of the previous nine years.
 

22 comments Feed

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1 Anglotino (#) Feb 27th, 2013 - 02:07 am Report abuse
During the past 10 years, Argentina stole her future growth and is now paying the price.
2 yankeeboy (#) Feb 27th, 2013 - 02:39 am Report abuse
Brazil's growth will be abysmal it looks like they're going to have to raise interest rates to dampen inflation so I doubt anyone will be buying Rg cars.

Plus I don't think there is enough U$ to buy the needed fuel this winter so Arg will have to idle factories to keep homes warm.

Even Indec won't be able to show growth!
3 yankeboy (#) Feb 27th, 2013 - 02:49 am
Comment removed by the editor.
4 british boy (#) Feb 27th, 2013 - 03:18 am
Comment removed by the editor.
5 Anglotino (#) Feb 27th, 2013 - 05:03 am Report abuse
@4 Thanks Sussie! I love you too.

Whatever you do..... DON'T CHANGE.
6 Frank (#) Feb 27th, 2013 - 07:34 am Report abuse
Don't hold your breath waiting for a railway upgrade..

'Argentina steel producer to replace $200 million in rail imports
Sao Paulo (Platts)--26Feb2013/610 pm EST/2310 GMT

Argentina industry minister Debora Giorgi said Tuesday that plans for steel producer Laminados Industriales, a subsidiary of Italy-based AFV Beltrame Group, to produce rails will reduce the country's rail imports by $200 million over an unspecified period of time.

Laminados Industriales' second phase, to start up by the end of 2014, includes the construction of two sections mills with a total production capacity of 300,000 mt/year. The company has not revealed its forecast for rail and section production from the plant.

A final phase, expected to be completed within five years, will enable the plant to produce slabs and billets. The phases together will require a total investment of 500 million Argentinean pesos ($99 million).'

www.platts.com/RSSFeedDetailedNews/RSSFeed/Metals/6201476?
7 Captain Poppy (#) Feb 27th, 2013 - 01:28 pm Report abuse
#3 and #4 Sussie I see you are out and about imitating people again.

Why do you refuse to grow up?
8 ChrisR (#) Feb 27th, 2013 - 05:30 pm Report abuse
6 Frank

And if they ever get round to making bull-head rail why do I think that:

1) it won't be the correct section;

2) it won't be in self-hardening alloy steel?

Just a wild guess, but based on the argie crap I have bought in Uruguay!

Though I have to say my new bathroom suite for one of my bathrooms was made in AR and it is very niceley finished, especially the crapper. So they can do something.
9 _INTROLLREGNVM_ (#) Feb 28th, 2013 - 03:56 am Report abuse
Are you an American?

Thinking about purchasing a new car, like your parents and grandparents?

Don't bother:

finance.yahoo.com/news/cars-increasingly-reach-many-americans-145957880.html?desktop_view_default=true

Best part is there is NO PUBLIC TRANSPORATION whatsoever in all US cities outside their capital and Manhattan...

Wonderful
10 Anglotino (#) Feb 28th, 2013 - 06:10 am Report abuse
I don't realise this article was talking about US car sales.

I mustn't receive the troll version of this website.
11 Captain Poppy (#) Feb 28th, 2013 - 11:09 am Report abuse
#9 Toby when you ever are allowed to leave Mendoza and visits the USA, it will be like a scene shift from BW to color in the Wizard of Oz. Do you ever feel foolish talking about something you know nothing off...the USA?

Back to the article

www.tradingeconomics.com/argentina/industrial-production

Interested graph of artificial figures from Indec. Imagine what they really are!
12 yankeeboy (#) Feb 28th, 2013 - 12:53 pm Report abuse
If cars are expensive for people in the USA imagine what it is like in places like Argentina! I guess this is why Toby can't leave Mendoza.

Also you are wrong about our public transport every major city in the USA has some sort of public transport, bus, train or metro they even have buses in the small towns depending on their needs. So I am not sure where you are getting your info. I guess it is just lies as usual.

Unless you find a rich American guy to buy you a ticket out of that horrible place you'll never know what a civilized country looks like you can only dream.
13 _INTROLLREGNVM_ (#) Feb 28th, 2013 - 03:06 pm Report abuse
Who's Toby?

Anyway, if you call “public transport” some miserable bus passing by every two hours, and with limited weekend service, then you are more fourth world than I thought. Not even in some African nations would they be satisfied with that.

More people losing houses, less people can afford vacations, cars, more unemployed, more poverty...

If that last one year, it's a recession.
If that lasts two years, it's a bad recession.
If that lasts three years, it's a depression.
If that lasts four years, it's a trend.
If that lasts five years, it's called DECLINE.

This started in the USA in 2007.

The rest of you can do the math.
14 Captain Poppy (#) Feb 28th, 2013 - 03:39 pm Report abuse
Toby you moronic buffoon of an ass. If you have ever been to the USA you would know ever major city in the USA has, buses, subways and els, but you never travel outside of the Mendozan city dump so you would never know. You make unsubstantianted statements based on no facts whatsoever in order to defelect the increasing spiraling downturn in everything dying in Argentina

www.usnews.com/news/articles/2011/02/08/10-best-cities-for-public-transportation

Here...your favorite resource Wikipedia with a short list of 20 or so transit authorities.

en.wikipedia.org/wiki/Mass_transit_in_the_United_States

Even in Boston we have waterway transportation to get across Boston Harbor. Including the T and the Rabbitline and buses.

And to dring us back on track, a simular article referencing the 3# economy in south america...argentina

www.reuters.com/article/2013/02/25/argentina-economy-industry-idUSL1N0BP7S920130225
15 yankeeboy (#) Feb 28th, 2013 - 03:44 pm Report abuse
13. You are way off in your stats unless you are talking about Argentina going into recession Nov 2011.

That's when CFK ran out of other people's money.
16 Captain Poppy (#) Feb 28th, 2013 - 05:53 pm Report abuse
Toby when we do math it is not INDEC math.

Opinions on ARgentina

www.latimes.com/news/opinion/commentary/la-oe-0130-kandane-argentina-inflation-censorship-20130130,0,2398782.story
17 yankeeboy (#) Feb 28th, 2013 - 06:24 pm Report abuse
Even with the “price freeze” food has gone up 0.5% which in a civilized country would be one of concern, but not there!
Wait until the freeze comes off
It should be breathtaking!
It looks like I may have to go BA in August, I avoided it last year but I don't think i can put it off for 2 yrs.
I cant wait to see the difference.
Maybe I'll pop over to Mendoza to see how the Planet Hollywood construction is coming along.
haha
18 Captain Poppy (#) Feb 28th, 2013 - 09:48 pm Report abuse
Stocks and bonds plummet

www.buenosairesherald.com/article/125245/ba-stocks-lower-bonds-coupons-plummet

construction down almost 6%

www.buenosairesherald.com/article/125255/construction-drops-57-in-january

The continuing drop in the peso

www.buenosairesherald.com/article/125242/us-dollar-climbs-to-ar$505-blue-hits-ar$784

Teachers nationwide in disarray
www.buenosairesherald.com/article/125178/teachers-fail-to-agree-on-ba-provinces-proposal

And of course the other unions and the farmers discontention. How bad can one person mismanage a country, can another do it as poorly as CFK?
19 yankeeboy (#) Feb 28th, 2013 - 10:02 pm Report abuse
18. It seems to me it is almost impossible to have so many bad, bad, bad things happening at the same time. It almost seems intentional.
If it is intentional, and seriously that is the only way this mess could have happened. It begs the question as to why?

I think this last decade will be studied for a long time in economics and political classes. It really is fascinating but not in a good way.
20 Captain Poppy (#) Feb 28th, 2013 - 10:09 pm Report abuse
It is so crazy that everything is managed at the federal level. We see strikes here all the time, my company went through one out west, but they are striking against private business not the government. If teachers go on strike here, it is in this state and that state, not the evtire country or even the enbtire state. Contracts are with local government. And farmers.....organized farmers....WTF?
I would guess that it all comes down to the corruption there. When EVERYONE is corrupt and everyone wants their cut attitude, it will have a price to pay.
I think voting for change is out of the question and the poeple need an outright revolution there. An Argentine Spring.
21 yankeeboy (#) Feb 28th, 2013 - 10:39 pm Report abuse
20. You have to remember the Federal Govt has taken the rights from the individuals, Provincial and Local Govts. It is power! The Federal Gov't doles out goodies only if you behave, bring in the votes etc.
You also may not realize it some of the remote Provinces are Fiefdoms, effin feudal fiefdoms!! the same families have been running them forever. Those families run the provinces like their own kingdoms, San Luis, Santiago Del Estero, la Rioja but there are more. The families are the law everyone else is under them.
It is not talked about much but everyone knows it and it tolerated for some unknown reason, maybe fear? I don't really know but it is shameful in this day and age.
22 Captain Poppy (#) Mar 01st, 2013 - 06:54 pm Report abuse
For those who don't know, the courts ordered a alternative payment plan and Kirchner said she will pay MNL

www.reuters.com/article/2013/03/01/argentina-debt-president-idUSL1N0BT2HQ20130301?feedType=RSS&feedName=marketsNews&rpc=43

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