MercoPress. South Atlantic News Agency
Argentina’s industrial production down in 2012, first time in a decade
Industrial output dropped 1.2% in 2012 compared to the volume registered in 2011, Indec national statistics bureau reported on Thursday. The Industrial Monthly Estimator (EMI) stated that industrial production dropped 3.4% in December when compared to the same month of 2011 Read full article
Comments
Disclaimer & comment rulesNo worries - just print a couple of trillion pesos and give the cars away at the next election.
Jan 25th, 2013 - 10:49 am - Link - Report abuse 0She will just deny it and try to have INDEC cook up some growth figures.
Jan 25th, 2013 - 11:09 am - Link - Report abuse 0Argentineans are masochist you keep electing people that will punish you all must be sinners!
Jan 25th, 2013 - 11:56 am - Link - Report abuse 0The economy has been in recession since Nov 2011. It must be really bad if Indec is showing a negative number know. You can only fudge the numbers so much.
Jan 25th, 2013 - 12:03 pm - Link - Report abuse 0I'm not sure I get this. Production is DOWN. Harvests are DOWN. If production goes DOWN, how can you export MORE? Imports of energy, at least, are almost certain to go UP. And yet the “surplus” is supposed to go up by 4.7 billion dollars? Exports are supposed to go up by 20 billion dollars? How does that work? Do the argies just increase the price of everything?
Jan 25th, 2013 - 02:48 pm - Link - Report abuse 0Key word: first time in 11 years.
Jan 25th, 2013 - 03:27 pm - Link - Report abuse 0I think there's been at least three RECESSIONS in Europe and two in the USA in that same time frame!
hahahahaha... these morons and their asinine analysis “oh Argentina SUCKS, look industrial production down.... after being up 11 years in a row”.
What kinda fool one must be to not realize how STUPID such thinking is!
Gads Toby you are a fool. Argentina has been in recession for 1 1/2 yrs but it is so bad now not even Indec can fudge that much.
Jan 25th, 2013 - 03:41 pm - Link - Report abuse 0I read a nice article today that the farmers might be considering holding back most of the Soy crop this year until the HUGE devaluation that everyone knows is coming actually happens.
10/1 coming soon to a kiosco near you
Wait until you see what that does to inflation!
I can't wait to watch from afar
Just when the economy is tanking very badly (if you believe INDEC you must be an argie) TMBOA manages to fuck it up well and truly.
Jan 25th, 2013 - 04:17 pm - Link - Report abuse 0Has she ever read a book on economics and the production of wealth? I suspect not unless of course it was written by North Korea.
“The government has decided to revoke non-automatic licensing requirements which had been placed on certain products before they could be imported into Argentina for consumption, ” I guess CFKC has finally realised her plan has caused all kinds of damage to the Argentine economy. Still, at least the government was able to rake in the bribes for a while.
Jan 25th, 2013 - 05:18 pm - Link - Report abuse 0CFKC said today:
“People should start to use their power as consumers, because if you don’t defend yourself, nobody is going to defend you,”
You are on your own Argentines.
Elaine, just because they put out a press release doesn't mean anything has changed. I am sure it is to pacify Brazil and Uruguay's recent complaints.
Jan 25th, 2013 - 05:25 pm - Link - Report abuse 0They have no U$ to pay for the imports so nothing will ever really change.
@6 Do you understand what “slap-happy” means. Which part of you is being slapped? INDEC hasn't been believable since at least 2007. Who's a mug? Go isolate yourself. Would you like a list of volcanos? Or would they vomit you back?
Jan 25th, 2013 - 08:14 pm - Link - Report abuse 0Why are you arguing about the Argentinean economy none of the Argentinean economist are professional none are credible all are ideologist and further more why a stupid ignorant corrupt president like KC will surround herself with people who can challenge her on all her stupidities.
Jan 25th, 2013 - 09:20 pm - Link - Report abuse 0Most of the people who comment on the Argentinean economy in this forum are wasting time because I see most of the comments are good and rational the Argentinean government is irrational and run on depleted hormones and Botox from CK.
Coriolis forces and socialism.
Jan 25th, 2013 - 09:49 pm - Link - Report abuse 0Argentina's economy circling the drain...in the wrong direction.
There are competent Argentine economists unfortunately they will be prosecuted if they say anything the government dislikes. Welcome to the New Argentina. Beacon of Light.
Jan 26th, 2013 - 06:02 pm - Link - Report abuse 0Commenting for this story is now closed.
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