MercoPress. South Atlantic News Agency
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. Read full article
Comments
Disclaimer & comment rulesDuring the past 10 years, Argentina stole her future growth and is now paying the price.
Feb 27th, 2013 - 02:07 am - Link - Report abuse 0Brazil'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.
Feb 27th, 2013 - 02:39 am - Link - Report abuse 0Plus 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!
Comment removed by the editor.
Feb 27th, 2013 - 02:49 am - Link - Report abuse 0Comment removed by the editor.
Feb 27th, 2013 - 03:18 am - Link - Report abuse 0@4 Thanks Sussie! I love you too.
Feb 27th, 2013 - 05:03 am - Link - Report abuse 0Whatever you do..... DON'T CHANGE.
Don't hold your breath waiting for a railway upgrade..
Feb 27th, 2013 - 07:34 am - Link - Report abuse 0'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).'
http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Metals/6201476?
#3 and #4 Sussie I see you are out and about imitating people again.
Feb 27th, 2013 - 01:28 pm - Link - Report abuse 0Why do you refuse to grow up?
6 Frank
Feb 27th, 2013 - 05:30 pm - Link - Report abuse 0And 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.
Are you an American?
Feb 28th, 2013 - 03:56 am - Link - Report abuse 0Thinking about purchasing a new car, like your parents and grandparents?
Don't bother:
http://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
I don't realise this article was talking about US car sales.
Feb 28th, 2013 - 06:10 am - Link - Report abuse 0I mustn't receive the troll version of this website.
#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?
Feb 28th, 2013 - 11:09 am - Link - Report abuse 0Back to the article
http://www.tradingeconomics.com/argentina/industrial-production
Interested graph of artificial figures from Indec. Imagine what they really are!
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.
Feb 28th, 2013 - 12:53 pm - Link - Report abuse 0Also 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.
Who's Toby?
Feb 28th, 2013 - 03:06 pm - Link - Report abuse 0Anyway, 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.
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
Feb 28th, 2013 - 03:39 pm - Link - Report abuse 0http://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.
http://www.usnews.com/news/articles/2011/02/08/10-best-cities-for-public-transportation
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
http://www.usnews.com/news/articles/2011/02/08/10-best-cities-for-public-transportation
13. You are way off in your stats unless you are talking about Argentina going into recession Nov 2011.
Feb 28th, 2013 - 03:44 pm - Link - Report abuse 0That's when CFK ran out of other people's money.
Toby when we do math it is not INDEC math.
Feb 28th, 2013 - 05:53 pm - Link - Report abuse 0Opinions on ARgentina
http://www.latimes.com/news/opinion/commentary/la-oe-0130-kandane-argentina-inflation-censorship-20130130,0,2398782.story
Even with the “price freeze” food has gone up 0.5% which in a civilized country would be one of concern, but not there!
Feb 28th, 2013 - 06:24 pm - Link - Report abuse 0Wait 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
Stocks and bonds plummet
Feb 28th, 2013 - 09:48 pm - Link - Report abuse 0http://www.buenosairesherald.com/article/125245/ba-stocks-lower-bonds-coupons-plummet
construction down almost 6%
http://www.buenosairesherald.com/article/125245/ba-stocks-lower-bonds-coupons-plummet
The continuing drop in the peso
http://www.buenosairesherald.com/article/125245/ba-stocks-lower-bonds-coupons-plummet
Teachers nationwide in disarray
http://www.buenosairesherald.com/article/125245/ba-stocks-lower-bonds-coupons-plummet
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?
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.
Feb 28th, 2013 - 10:02 pm - Link - Report abuse 0If 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.
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?
Feb 28th, 2013 - 10:09 pm - Link - Report abuse 0I 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.
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.
Feb 28th, 2013 - 10:39 pm - Link - Report abuse 0You 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.
For those who don't know, the courts ordered a alternative payment plan and Kirchner said she will pay MNL
Mar 01st, 2013 - 06:54 pm - Link - Report abuse 0http://www.reuters.com/article/2013/03/01/argentina-debt-president-idUSL1N0BT2HQ20130301?feedType=RSS&feedName=marketsNews&rpc=43
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