Argentina industrial production up 8.8% in March over a year ago, says Indec

Thursday, April 21st 2011 - 06:50 UTC

Full article 11 comments

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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Martin_Fierro
“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.”

And how is this bad for Argentina?

Lets hear it from the anti-CFK's...
Apr 21st, 2011 - 07:12 am - Link - Report abuse 0
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geo
[] Martinic
You expect anti-CFKs ? vainly !
here is full of posters who knows medium level spanish
and who are not Argentine .
Apr 21st, 2011 - 09:12 am - Link - Report abuse 0
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Martin_Fierro
Oh believe me, there are plenty of anti-CFKs on this forum.

They're quick to point the flaws in the government, but when the government does something right all you hear are crickets...

crik... crik... crik...

;-)
Apr 21st, 2011 - 09:21 am - Link - Report abuse 0
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GeoffWard
If demand is increasing,
but 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.
Apr 21st, 2011 - 11:35 am - Link - Report abuse 0
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Martin_Fierro
You're asking me to entertain a worst case scenario, correct?

Energy 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.
Apr 21st, 2011 - 12:13 pm - Link - Report abuse 0
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WestisBest
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 0
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Fido Dido
Argentina 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
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NicoDin
@WestisBest

Argentina 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?
Apr 22nd, 2011 - 03:25 am - Link - Report abuse 0
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Fido Dido
thanks nico, that's what i also meant..
Argentina 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.
Apr 22nd, 2011 - 03:46 am - Link - Report abuse 0
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GeoffWard
If demand is increasing,
but 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.
Apr 22nd, 2011 - 12:17 pm - Link - Report abuse 0
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Martin_Fierro
“Car companies comply with Argentina’s import/export balance policy”

http://en.mercopress.com/2011/04/22/car-companies-comply-with-argentina-s-import-export-balance-policy
Apr 22nd, 2011 - 12:56 pm - Link - Report abuse 0
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