Tag: Indec index

Indec index
Wednesday, July 29th 2015 - 06:30 UTC

Positive signals from Argentina's economy ahead of October's election

A rebound in the auto industry which picked up 6.8% was a crucial element in the upturn. Figures were supported with rising sales both at home and abroad

Industrial production in Argentina fell 0.8% in June compared to the same period last year, according to the country's National Statistics and Census Institute (INDEC), marking the 23rd consecutive month that the sector has contracted. However with seasonally adjusted figures, Indec's data showed a 0.9% rise, the first positive advance in two years (July 2013).

Saturday, July 25th 2015 - 05:24 UTC

Economic activity in Argentina picking up, according to Indec

The increase in May was boosted by agro exports, the construction sector, consumption and extractive industries, according to a private sector report.

Economic activity in Argentina has increased 2.2% in May, compared to the same month of 2014, according to the country's stats office, Indec. Compared to April this year, economic activity has grown 0.8%, the Monthly Economic Activity Index revealed.

Thursday, July 16th 2015 - 08:05 UTC

Argentina's June official Indec inflation, 1% and 15% in twelve months

The Congress index released on Tuesday showed the CPI was up 1.53% and 27.9% in the last twelve months.

Argentina's 'official' inflation during June was 1% over the previous month according to the National Statistics and Census Institute, Indec, while prices during the current calendar year prices have reached 6.7% and 15% over the last twelve months.

Wednesday, July 15th 2015 - 07:25 UTC

Argentina's congressional index reports 1.52% inflation in June, and 27.9% in twelve months

“The Indec rates are so distorted that even the IMF decided not to review them because they were certain they would find false numbers”, underlined Bullrich.

Inflation in Argentina clocked 1.53% in June accumulating 27.9% in the last twelve months according to the report released on Tuesday by members of the Congressional opposition based on an average from private consultants. This week Argentina's government stats office, Indec in scheduled to announce the official rate.

Friday, June 26th 2015 - 06:19 UTC

Argentine industrial production down in May but some sectors are recovering

May’s fall was triggered by negative results in steel and aluminum; automobile production; tobacco; foods and beverages and textile production

Argentine industrial production fell 0.3% in May compared to the same month last year, marking its 22nd consecutive decrease according to the INDEC statistics bureau. Taking into account the first five months of 2015, industrial activity decreased 1.5% compared to the same period of 2014.

Wednesday, June 17th 2015 - 05:14 UTC

Tierra del Fuego's May inflation almost three times the official 1% rate

Tierra del Fuego is ruled by Governor Fabiana Ríos a close ally of President Cristina Fernandez.

Tierra del Fuego's Consumer Prices Index, CPI for May was almost three times higher than the Argentine government official index from stats office Indec: 2.7% against 1%. The percentage was provided by Tierra del Fuego's Stats and Census Office, which also shows that in the first five months of the year inflation reached 11.4% and 28% in the last twelve months, well above the 15.3% from Indec.

Tuesday, June 16th 2015 - 06:11 UTC

Argentina's May official inflation 1% or half that claimed by private consultants

According to Indec in May Clothing was up 2%; Housing and Basic Services, 1.6%; Education, 1.3%; Home Appliances, Transport, Communications, 1.1%.

Argentina's National Statistics and Census Institute, Indec reported on Monday that the inflation rate for May reached 1%, totaling 15.3% in the last twelve months and 5.7% for the first five months of 2015.

Monday, June 15th 2015 - 06:44 UTC

Catholic Church points out that 25% of Argentines are below the poverty line

“The Catholic University Social Debt Observatory findings of 2013 are correct, poverty in Argentina is in the range of 25%”, said Monsignor Jose Arancedo

The Argentine Catholic Church has stood out strongly on the controversy that has followed President Cristina Fernandez statement before the FAO assembly in Rome arguing that poverty in Argentina is below 5%, which was later made superlative by her spokesperson and cabinet chief Anibal Fernandez arguing that poverty in Argentina was less than in Germany or Denmark.

Tuesday, June 9th 2015 - 07:49 UTC

Argentina is paradise: poverty below 5% rate Cristina Fernandez tells the world

The president attended the FAO conference where Argentina was given an award for being one of the countries in which malnutrition levels are below 5%

Argentine President Cristina Fernández sparked controversy on Sunday when in a speech before the FAO conference in Rome, she endorsed widely disputed government figures on poverty, saying the rate was “below five percent,” adding that destitution in the country stood at 1.27%. If this was correct Argentina's poverty rate is below that of OECD rich league members.

Wednesday, May 27th 2015 - 04:59 UTC

Argentine economic activity up 2% in March, but industrial production down

The economy's performance was pushed by higher agricultural production among other factors, (excellent soy and corn crops), and consumer purchases

Good and bad news for Argentina's economy: the latest figures from the National Statistics and Census Institute (INDEC) reveal that economic activity increased 2% percent in March, compared to the same month last year, but industrial production recorded its 21st negative consecutive month in April.

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