Argentine industrial activity falls 3% in April, but up 1.1% in first four months

Saturday, June 9th 2012 - 05:05 UTC

Full article 11 comments

Industrial activity in Argentina dropped 3% in April compared to the same month a year ago, with the first four months closing with 1.1% growth, although with a declining tendency according to the latest data from the Argentine Industrial Union, UIA. Read full article

Comments

Disclaimer & comment rules

LEPRecon
And the news continues to get worse despite the positive spin that they've tried to put in this story.

Surely the bubble will burst soon, and the Argentine people will realise just how much they've had stolen from them and how badly they've been lied to.
Jun 09th, 2012 - 10:22 am - Link - Report abuse 0
-+
Ken Ridge
As Malvinboy would say “Arg is finished”!!!
Jun 09th, 2012 - 10:39 am - Link - Report abuse 0
-+
BLACK CAT
If they won't admit to 25% inflation for over 2 years they won't even read this information. I see no ships!
Jun 09th, 2012 - 01:20 pm - Link - Report abuse 0
-+
rnbgr
Argentina has enough reserves to get them through a few years of stagnant growth or even recession. The political impact of that scenario on the ruling party is less clear
Jun 09th, 2012 - 05:48 pm - Link - Report abuse 0
-+
yankeeboy
4. No they don't. The U$47B that they keep referencing is mostly committed as loan guarantees etc. I bet they don't have $11B in available funds and it might be MUCH lower. Why do you think they are so desperate for U$ if there was plenty? You need to pay attention and stop believing the CFK lies.
Jun 09th, 2012 - 08:09 pm - Link - Report abuse 0
-+
toooldtodieyoung
1 LEPRecon

What does the British Army say?? “Be careful what you wish for”??? Are these the same Argentines who voted for her? They wanted her to take charge of the country. Who knew that their president would turn out to be a corrupt, lying, self-serving b*tch, with all the social concience of a dog on a croquet lawn.

Presidents huh?

Who can you trust to not f**k up your country?
Jun 09th, 2012 - 09:02 pm - Link - Report abuse 0
-+
Simon68
5 yankeeboy (#)
Jun 09th, 2012 - 08:09

If Kretina wants to pay back the Boden 2012's she has just about enough US$ to do that and thenNADA...
Jun 09th, 2012 - 11:59 pm - Link - Report abuse 0
-+
rnbgr
Boden bond is 2 billion plus 3 billion in other debts that rgs will ay this year they have 47 buillion in reserves they can access so the y are. Exactly broke
Jun 10th, 2012 - 01:07 am - Link - Report abuse 0
-+
British_Kirchnerist
#6 “Who knew that their president would turn out to be a corrupt, lying, self-serving b*tch, with all the social concience of a dog on a croquet lawn”

But she's not? Tell me did you ever expect anything else from a leader who is both leftist and Argentine, maybe you're just biased....
Jun 10th, 2012 - 12:01 pm - Link - Report abuse 0
-+
yankeeboy
8. 1/3 of the U$ reserves left the banks in May! I can go around telling people I have 47B but it doesn't make it true.

They barely have enough U$ to LITERALLY keep the heat on in BA! If you have a 2-3 week cold snap in BA I bet they restrict residental use of nat gas wait and see.
Jun 10th, 2012 - 12:54 pm - Link - Report abuse 0
-+
UKOwnsArgentina
Please support this new page aimed at covering Falklands current affairs and keeping the Falklands free of Argentine rule! Please sign in and click the “like” button on the page to subscribe to our news feeds -

https://www.facebook.com/Britain1592
Jun 11th, 2012 - 10:15 pm - Link - Report abuse 0
-+

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!