Tag: Indec index

Indec index
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.

Tuesday, September 20th 2016 - 11:03 UTC

IMF rebuilding relations with Argentina

“We're working to rebuild relations with Argentina; there's great expectation and we are very pleased to be here. We will be filing a report”, said Cardarelli.

An IMF mission started on Monday a round of meetings with the purpose of rebuilding relations with Argentina, frozen for over a decade. The mission headed by economist Roberto Cardarelli began early Monday visiting the Argentine Industrial Union, UIA, the country's manufacturers main lobby.

Monday, August 29th 2016 - 03:59 UTC

Court ruling and economy contraction push Argentine inflation down in August

“As part of the prices surveyed to measure the inflation rate, Indec will start using the cheaper natural gas rates instead of the new tariff scheme” said Jorge Todesca.

Inflation in Argentina during the current month of August could drop to 0.7% because of the Supreme Court’s decision to strike down the hikes in natural gas prices for residential users, according to the official stats office Indec. Similar stats also indicate a strong contraction of the Argentine economy.

Friday, August 26th 2016 - 07:01 UTC

Macri claims Kirchnerism created 750.000 government jobs to hide a stagnant economy

Macri said that what matters is the fact that the proportion of the population that is effectively employed in Argentina “barely exceeds” 40%

President Mauricio Macri expressed concern that Argentina's employment rate “barely exceeds” 40% and criticized previous administrations for creating 750,000 government jobs to hide what he said was its inability to grow the economy.

Wednesday, August 24th 2016 - 07:25 UTC

Argentina unemployment in second quarter, 9.3%; first official data since Macri took office

“It is obvious that we have a serious situation in the labor market,” said Jorge Todesca, head the statistics agency.

Argentina had 9.3% unemployment in the second quarter of the year, the government's Indec statistics agency said in a report on Tuesday. It was the first official unemployment data to be published by Argentina since Mauricio Macri became president in December.

Saturday, August 13th 2016 - 08:24 UTC

Argentina's July inflation falls to 2%, confirming sliding tendency

 Macri had campaigned on promises of lifting currency controls and jump-starting foreign investment, in part by improving transparency at Indec.

Argentina's inflation rate eased to 2% in July, less than half of what it was two months before when the government began reporting consumer price data after revamping the country's troubled statistics office. The July figure was released on Friday by the new Indec data agency. A month earlier it reported 3.1% inflation for June and 4.2% for May when it issued its first consumer price report since President Mauricio Macri took office in December.

Thursday, June 16th 2016 - 08:08 UTC

Argentina's revamped stats data launched: May inflation 4.2%

“We are leaving a period where public confidence was destroyed and especially at Indec,” Mr. Todesca said Wednesday at a news conference.

Argentina released inflation figures for the first time since December last year, when newly elected president Mauricio Macri suspended the publication of economic data and intervened the official stats office, Indec, following long standing claims of manipulation by his predecessor.

Thursday, June 2nd 2016 - 09:03 UTC

Argentina's industrial production down 6.7% year on year in April

It was the first industrial output data released since Macri took office. Macri shut down the publishing of economic data while revamping the country's stats agency

Argentina's industrial output contracted 6.7% in April compared with the same month last year, the country's newly revamped Indec statistics agency said, punctuating the effect of recent fiscal austerity measures.

Monday, May 16th 2016 - 07:25 UTC

Argentina's economy grows 0.8% during first quarter says Central bank

“There are mixed signals in the economy. Consumption is falling but investment is growing”, Sturzenegger said. “We have high hopes for the second half of the year.”

Argentina's economy grew 0.8% on the first quarter of the year compared to the same period last year, Central Bank Governor Federico Sturzenegger said, declaring that since President Mauricio Macri took office employment has remained “stable.”

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