Tag: Indec index

Indec index
Friday, March 28th 2014 - 06:22 UTC

Argentine economy expands 3%, thus saving 3.5bn in payments to bonds tied to GDP

 Minister Kicillof made the announcement on Thursday frustrating expectations

Argentina's National Institute of Statistics and Census, Indec, announced that the country's GDP grew by 3% across the last calendar year, dropping short of the figure necessary to service bonds linked to the nation's economic activity.

Tuesday, March 18th 2014 - 02:31 UTC

Official inflation in Argentina during February, 3.4% and 7.1% in two months

Kicillof next to aides making the announcement and anticipating a stabilization of prices for March

Inflation in Argentina during the month of February reached 3.4%, which means that in the first two months of the year the index stands above 7.1%, according to the latest figures released by the country's National Institute of Statistics and Census' (INDEC) Consumer Price Index.

Saturday, February 22nd 2014 - 06:34 UTC

Argentina's trade balance during January drops to a minimum of 35 million dollars

Farm produce exports remain the backbone of Argentina's trade

Argentina’s balance of trade in January unveiled a small surplus of 35 million dollars, which represents a decrease of 88% comparing the same period in 2013. According to the government stats office, Indec, exports reached 5,3 billion dollars, a retraction of 8%, compared to the same month last year, while imports hit 5.1 billion, a downfall equal 4%, compared to January 2013.

Saturday, February 22nd 2014 - 06:28 UTC

Argentine economy expanded 4.9% last year, according to government data

Accordingly the Argentine economy has been expanding uninterruptedly since 2003

The Argentine economy expanded 4.9% last year according to the official stats office Indec 'monthly economic growth indicator', EMAE, which is usually a good anticipation of the final figures. If confirmed Argentina will have grown uninterruptedly since the 2002 crisis, when the major default and melting of the economy.

Wednesday, January 15th 2014 - 18:50 UTC

Argentine annual inflation: 28.38%, according to the Congressional index

Federico Sturzenegger suggested the inflationary situation for 2014 “could be worse than in 2013”

Argentine annual inflation for 2013 was 28.38% after soaring 3.38% in the month of December alone, according to the Congressional consumer price index, which is a survey that takes the average of several consultancy firms.

Friday, December 27th 2013 - 04:52 UTC

Inflation in Argentine provinces expected to reach over 30% at the end of 2013

Buenos Aires City is ruled by conservative mayor Mauricio Macri

Consumer prices in the Argentine province of San Luis climbed 2.9% in November over October, 27.8% over December 2012 and 29.3% in the last twelve months, according to the provincial stats office. San Luis is ruled by dissidents from the ruling Peronist coalition headed by President Cristina Fernandez.

Thursday, December 26th 2013 - 23:54 UTC

Argentina’s socioeconomic statistics: still lying after all these years, says The Economist

Guillermo Moreno the fudge expert is out, but numerical honesty seems still missing

For years the IMF turned a blind eye as Argentina doctored its inflation index and plumped up its numbers for economic growth. Then last February the fund steeled itself and censured the country, warning it to improve its statistics by September or face potential suspension or expulsion. This threat was unprecedented in the fund’s history.

Friday, November 22nd 2013 - 03:46 UTC

“Argentina is on fire because of inflation” says leading businessman

”Anybody doubts that inflation in Argentina is not the 10% Indec tells us?” asked Rattazzi

Fiat Argentina CEO Cristiano Rattazzi said that “Argentina is on fire because of inflation” and called on the newly appointed cabinet chief Jorge Capitanich and Economy minister Axel Kicillof “to work hard to bring inflation down”.

Monday, November 18th 2013 - 22:25 UTC

Argentina's annual economic activity grew 4.7% in September, says Indec

The government is counting with a good harvest of grains and oilseeds

Argentina's economic activity grew 4.7% in September compared with the same month last year, according to the government's much questioned stats office, INDEC. Market expectations were in the range of 3.9%.

Thursday, November 14th 2013 - 07:38 UTC

IMF to review Argentina's 'new' stats on inflation and GDP, next 9 December

Last week Rice said talks with Argentina over its data improvement had been “constructive”.

The International Monetary Fund said Wednesday it will review Argentina's progress on improving its economic statistics in December, after censuring the country last February for supplying poor data.

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