MercoPress. South Atlantic News Agency
Argentina industrial production up 8.8% in March over a year ago, says Indec
Argentina's industrial production expanded strongly in March over a year ago, 8.8%, as the consumer boom continues to fuel demand for everything from cars to home appliances. However monthly output slowed to a standstill and was unchanged from February, according to the national statistics institute, Indec release on Wednesday. Read full article
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Disclaimer & comment rules“The government of President Cristina Fernandez has placed a host of barriers on imports as part of its strategy of fueling import substitution and stimulating local manufacturing. Rising industrial production has played a key role in fueling growth, and gross domestic product is expanding at a blistering pace.”
Apr 21st, 2011 - 07:12 am - Link - Report abuse 0And how is this bad for Argentina?
Lets hear it from the anti-CFK's...
[] Martinic
Apr 21st, 2011 - 09:12 am - Link - Report abuse 0You expect anti-CFKs ? vainly !
here is full of posters who knows medium level spanish
and who are not Argentine .
Oh believe me, there are plenty of anti-CFKs on this forum.
Apr 21st, 2011 - 09:21 am - Link - Report abuse 0They're quick to point the flaws in the government, but when the government does something right all you hear are crickets...
crik... crik... crik...
;-)
If demand is increasing,
Apr 21st, 2011 - 11:35 am - Link - Report abuse 0but production has slowed to a standstill,
and imports are choked off,
. . . . . . . what is the straategy for winning the election?
[Thinks]
“Perhaps borrow from the IMF to pay striking workers to go back to work to produce the things that people demand.
But, hang on, that means we have to repay the money back to the IMF.
Well, if the workers do double shifts we should be able to pay it back. . . . maybe they won't want it back . . . and if inflation carries on like this it won't be much if we have to pay it back
Or maybe we can double beef and soya exports.
Anyway, we can worry about that after the elections.”
Is there an economist in the house?
Martin, Fido - tell us what should happen.
You're asking me to entertain a worst case scenario, correct?
Apr 21st, 2011 - 12:13 pm - Link - Report abuse 0Energy supply cut off? That would be a problem no matter who the president was.
“imports are choked off”
I'm not an economist and I don't know the exact figures or areas of import being affected, but I would think these import restrictions were calculated decisions.
I would also think, that whatever obstacles and challenges the industry may face, the positive results will outweigh the negative.
Challenges brought on by high output production and export are hardly a reason to complain, I'm sure we'll figure it out.
You've already got a trade surplus with Brazil.....and they're buying 80% of your car exports....still if you think they'll be happy to support you in that way indefinitely then good for you, keep right on restricting imports.
Apr 22nd, 2011 - 12:28 am - Link - Report abuse 0Argentina has a trade deficit with Argentina, and correct, keep restricting imports from it's neighbor(s), Argentina will eventually receive the backlash.
Apr 22nd, 2011 - 01:09 am - Link - Report abuse 0@WestisBest
Apr 22nd, 2011 - 03:25 am - Link - Report abuse 0Argentina has not a trade surplus with Brazil on the contrary has a deficit of USD 5.48bn
Exports
Brazil 18.78%, China 9.26%, Chile 7.11%, US 6.38%
USD 10,89bn export to Brazil
Imports
Brazil 31.12%, US 13.69%, China 10.26%, Germany 4.69%
USD 16,37bn imports from Brazil
Argentina is Brazil’s major import partner
I just wonder from where you get your info?
The Royal Navy?
thanks nico, that's what i also meant..
Apr 22nd, 2011 - 03:46 am - Link - Report abuse 0Argentina has a trade deficit with Brazil.
though what martin talks about is correct, on this subject you can hardly bash CFK if you do live in Argentina.
If demand is increasing,
Apr 22nd, 2011 - 12:17 pm - Link - Report abuse 0but production is no longer increasing to match demand,
and imports are choked off,
. . . . . . . what would *you* like to happen to bring a better order to an illogical situation.
“Car companies comply with Argentina’s import/export balance policy”
Apr 22nd, 2011 - 12:56 pm - Link - Report abuse 0http://en.mercopress.com/2011/04/22/car-companies-comply-with-argentina-s-import-export-balance-policy
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