Tag: Indec index

Indec index
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.”

Monday, January 25th 2016 - 10:10 UTC

Proxy inflation in Argentina reached 6.5% in December and 31.6% in 2015

The monthly figure was double that reported by the Buenos Aires City, the other index suggested by INDEC. The City reported 3.9% Dec. inflation and 29.6%

Consumer prices rose 6.5% in December in the Argentine province of San Luis, one of the indexes the new leaders of the country's INDEC statistics bureau had said could be used as a proxy for national inflation figures — amounting to a cumulative 31.6% increase in 2015.

Thursday, January 21st 2016 - 07:33 UTC

Argentine Finance minister expected to meet IMF chief to renew formal ties

Resuming formal ties means allowing the IMF to conduct a review of the Argentine, which would be their first since 2006.

Argentine Finance Minister Alfonso Prat-Gay is planning to meet with IMF's Christine Lagarde at the World Economic Forum in Davos, Switzerland, to discuss resuming formal ties with the international lender, according to a report published by Bloomberg.

Saturday, December 12th 2015 - 07:11 UTC

Argentina's new administration package of economic measures next week

Prat-Gay advanced that the Central Bank's dollar future contracts are under review, but no decision has been reached.

Argentine finance minister Alfonso Prat-Gay announced on Friday that next week levies on farm (grains and oilseeds) exports will be lowered, the half year bonus of wage earners if below 30.000 Argentine Pesos will be exempt from income tax, and the policy of “looked-after prices” at supermarkets will continue.

Sunday, October 25th 2015 - 10:43 UTC

Tierra del Fuego inflation in September jumped 1.2% and 25.1% in 12 months

Healthcare, food and beverage, education where the items which most increased over August

September inflation in the Argentine extreme south province of Tierra del Fuego reached 1.2% and 18,8% in the nine months of the year, and 25.1% in the last twelve months according to the provincial stats and census office.

Thursday, October 15th 2015 - 07:10 UTC

Argentine September inflation 1.92% and 25.91% in last twelve months

The Congress index acts as a reference because the official inflation rate, supplied by the much questioned Indec is “absurd”, said Patricia Bullrich.

September inflation in Argentina was 1,92% and reached 25.91% in the last twelve months according to the monthly report from opposition members of Congress, which is based on the average of the country's leading private consultants. Later this week the official Indec rate is expected to be announced, systematically lower than that of the so called Congress index.

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