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Argentine industrial production and outlook stable in August

Friday, September 21st 2012 - 06:13 UTC
Full article 10 comments
Oil refining had an excellent performance Oil refining had an excellent performance

Argentina’s industrial output fell 0.8% last August when compared to the same month last year, according to the country’s stats office Indec. However it improved 0.7% when compared to July but dropped 1.2%, points out Indec Monthly Industrial Estimate

Basic metal industries suffered most plunging 19%, followed by chemical products, down 0.4%, mineral non metallic product, 3.9% and the auto manufacturing 5.6%.

On the positive side petroleum refining soared 15.8%, followed by food 4.4%; tobacco, 10.4%; textiles, 9.5%; paper and cardboard, 3.9%; printing, 2.5% and rubber and plastic, up 8.4%.

Regarding manufacturing performance estimate during September, 89.9% of companies anticipate a stable domestic demand rhythm while 6.5% foresee a slight increase and 3.6% have a negative view.

As to exports from the different sectors, 76.7% of companies surveyed said they estimate a stable performance in September compared to August, while 14.8% anticipate an increase in sales overseas and 8.5%, a fall.

Additionally 89.9% of companies surveyed do not expect changes in stocks of finished goods compared to the previous month, but 6.1% see a downfall and 4% an increase. As to jobs and contracting, 98% of companies do not anticipate changes in the number of staff compared to August. But 1.3% are looking to having lees employees and 0.7% will increase hiring.

Industry overall is working with fixed capacity usage of 74%.

Categories: Economy, Argentina.

Top Comments

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  • briton

    Stable ,stable ,,
    To late to shut the door,
    After the horse has bolted,

    As long as others get the blame for your failure,
    You can claim whatever success is left .lol.

    Sep 21st, 2012 - 10:59 am 0
  • MaxAue

    “As long as others get the blame for your failure,
    You can claim whatever success is left.”
    ...that's a pretty nice quote :)

    Sep 21st, 2012 - 11:47 am 0
  • Ken Ridge

    How much of this is Gov fabricated? I don't doubt it's more cover up's and lies from Arg. If things are so stable why the need for such extreem protectionist measures & Dollar clamping?

    Sep 21st, 2012 - 12:15 pm 0
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