MercoPress. South Atlantic News Agency
Argentine car production and exports fall, impacting on trade with Brazil
Argentina's vehicle production reached 50,904 units in June according to the Automobile Factory Association (ADEFA), 19.8% less than the 63,461 units manufactured in the same month of 2013. Taking into account the first 6 months of 2014, production fell 21.8% compared to the same period of 2013. Read full article
Comments
Disclaimer & comment rules“In the last six months, Argentina imported 20.4% less but also exported 20.1% less to Brazil. Argentina thus experienced a half year deficit of 385 million dollars, 26% lower than the first six months of 2013.”
Jul 04th, 2014 - 10:59 am - Link - Report abuse 0Well, that's a result then!
Ha, ha, ha.
Last year's exports figures were false by about U$6B based on the import numbers from the legitimate countries Argentine exported to.
Jul 04th, 2014 - 01:12 pm - Link - Report abuse 0These crooks are so stupid.
I know the answer.
Jul 04th, 2014 - 02:28 pm - Link - Report abuse 0Why don't they hold talks with the Brazilians, then introduce a cheaper credit scheme for purchasing cars.
That's bound to work!
There's an article in Clarin today about GDP falling 20%! They quote a PPP that puts Argentina with the likes of Libya!
Jul 04th, 2014 - 02:50 pm - Link - Report abuse 0Another devaluation and they'll be down to Guyana!
Didn't I say last year if this keeps up pretty soon they'll be looking up to Paraguay wondering why they're so rich?
It is happening sooner than I thought!
@1 ChrisR
Jul 04th, 2014 - 04:33 pm - Link - Report abuse 0Very impressive, but are these INDEC figures?
@4 I´m not buying that. A 20% fall in GDP would be even worse than 2001 (twice as bad actually). We don´t have a crash yet.
Jul 04th, 2014 - 04:50 pm - Link - Report abuse 0@ 5 Pete Bog
Jul 04th, 2014 - 06:53 pm - Link - Report abuse 0“...but are these INDEC figures?”
It doesn’t really matter in some respects but in any event if you analyse them taking into account the figures from Brazil over the recent months they are an unmitigated disaster, hence my cynical comment.
TMBOA model has been off the rails for so long they have forgotten what it was like to run an economy that could respond to reasonable twists of the steering wheel: they have been wrenching the wheel from lock to lock, dependant on TMB’s ‘mind’ at the time and the economy has been fish-tailing because of it.
OK if it’s just the argies going down the shitter but Uruguay is as well. I do accept that we also have a complete nut-job in the form of “No Money Pepe” to help the chaos build nicely towards the inevitable crushing smash of the train wreck of our economy if things are left as they are much longer.
Uruguay is a great country populated by some great people but the majority don’t GAF as long as they can meander along in their own sweet time and get money on the ‘black’.
It's a Latino thing apparently.
6. Taking into account the population, GDP per capita fell from U.S. $ 14,052 to S $ S 11,361 U, a drop of almost 20% for the largest number of inhabitants.
Jul 04th, 2014 - 08:11 pm - Link - Report abuse 0http://www.ieco.clarin.com/economia/devaluacion-cayo-PBI-medido-dolares_0_1168683195.html
@8
Jul 05th, 2014 - 08:20 pm - Link - Report abuse 0...And of that $11.3K, how much would you think is inflated due to unsustainable subsides and other non-productive money floating around?
I suspect too that if they used a more realistic exchange rate the number would be lower yet...
Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!