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Montevideo, September 23rd 2017 - 02:02 UTC

Tag: Indec index

  • Sunday, September 3rd 2017 - 01:35 UTC

    Argentine economy picking up spurred by manufacturing and construction

    Economic activity in June rose 0.3% compared with May, Indec said. The economy grew a cumulative 1.6% in the first half of the year

    Argentina's economic activity expanded 4.0% in June compared with the same period the prior year, government statistics agency Indec said on Thursday, the latest sign of economic recovery ahead of legislative elections in October.

  • Wednesday, May 24th 2017 - 09:06 UTC

    Argentina economy grows 0.8% in March from a year earlier

    The Argentine economy grew 1.9% in March versus February, Indec said.

    Argentina's economy grew 0.8% in March from a year earlier, the Indec statistics agency said on Tuesday. The economy also grew 1.9% in March versus February, Indec said.On Tuesday the Argentines central bank also kept its benchmark interest rate at 26.25% and said it believes the country's inflation rate is easing in May.

  • Thursday, May 11th 2017 - 12:07 UTC

    Argentina's 12-month inflation through April was 27.5%

    Clothing prices rose 5.1% in April, while housing and basic services were up 4.6%, Indec said. Consumer prices rose 9.1% overall in the first four months of the year.

    Argentina's statistics agency Indec, said on Wednesday 12-month inflation through April was 27.5%, the first time it has published 12-month inflation since President Mauricio Macri took office in December 2015 and revamped data calculations. Indec said April inflation was 2.6%, above median analyst expectations for a consumer price increase of 2.1 percent.

  • Wednesday, March 29th 2017 - 10:25 UTC

    Argentina's economic activity up 1.1% year to year in January

    Argentina's economy grew 0.1% in the third quarter and 0.5% in the fourth quarter, emerging from a sharp recession in the first half.

    Argentina's economic activity grew in January year to year. Economic activity was 1.1% percent higher in January than twelve months before, the first year-on-year growth since last March, according to the latest release from the revamped stats office, Indec.

  • Wednesday, March 29th 2017 - 10:15 UTC

    It's official: 12.7 million Argentines live in poverty, 30.3% of the population

    At the end of 2016, a family of four needed 13.155 Pesos (approx. US$ 870) a month to purchase the Total Basic Basket to remain above poverty line

    Argentina's official poverty index in the second half of 2016 dropped to 30.3%, an estimated 12.7 million people, from 32.2% in the first half according to the country's stats office Indec. The 30.3% index includes 6.1% of indigence, which is also below the 6.3% of the first half. The drop means that 800.000 people are no longer in the poverty category index.

  • Friday, March 17th 2017 - 21:55 UTC

    Unemployment in Argentina falls to 7.6%: less people looking for jobs

    Macri revamped the stats agency which was widely viewed as manipulating economic data under the populist rule of ex president Cristina Fernandez.

    Argentina's unemployment rate fell to 7.6% in the fourth quarter of 2016, the government's Indec statistics agency said in a report on Thursday, down from 8.5% in the third quarter as thousands of people stopped looking for work.

  • Monday, March 13th 2017 - 12:11 UTC

    A third of Argentina's population live in poverty, according to the Catholic Church

    “We never promised we would turn poverty overnight”, said Macri who recalled that he admits the numbers, contrary to previous governments

    Argentina urban poverty rate rose to 32.9% in the third quarter of 2016, which means 13 million people due to a precarious labor market and lack of long-term development policies, according to a report presented last week by the Social Debt Observatory from the Argentine Catholic University (UCA).

  • Saturday, January 7th 2017 - 07:35 UTC

    Half the Argentine labor force make a monthly average of US$ 565, says Indec

    According to the survey 10% of the poorest Argentine households concentrate 1.9% of the overall national income while the 10% at the other end, 29.1%.

    Half the Argentine labor force employed was making at the end of the third quarter a monthly average of 9.000 Pesos, equivalent approximately to US$ 565, while the poorest 10% averaged 2.500 Pesos (approx US$ 165) and the richest 10%, anywhere from 20.000 to 250.000 Pesos (US$ 1.250 to 15.000) a month, according the revamped Argentine stats and census office, Indec.

  • Thursday, September 29th 2016 - 10:35 UTC

    One in three Argentines, 8.8 million live in poverty and 1.7 million are indigent

    Now we know the truth of this heartbreaking situation: one out of three Argentines is below the poverty line which hurts but also makes us furious, said Macri

    Nearly one-third of Argentina’s population lives in poverty, the government said on Wednesday in the first official poverty data published in three years, underscoring the difficulty of reaching President Mauricio Macri’s stated “zero poverty” goal. The ranks of the poor surveyed in Argentina totaled 8.8 million people, or 32.2% of the population in 31 urban areas surveyed.

  • Friday, September 23rd 2016 - 10:55 UTC

    An Argentine family to remain above the poverty line needs US$ 820 a month

    This is the first time Indec publishes basket estimates since 2013, when ex president Cristina Fernandez ordered no further releases of poverty and indigence estimates.

    An Argentine average household made up of a couple with two children 6 and 8 years old needs 12.489 Pesos (approx US$ 820) to remain above the poverty line according to the stats office, Indec estimate for the month of August. The same household will have to pay 5.176 Pesos (approx US$ 340) for the Basic food basket, not to drop to indigence.

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