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Montevideo, December 8th 2022 - 19:10 UTC

 

 

Argentine economic activity up 2% in March, but industrial production down

Wednesday, May 27th 2015 - 04:59 UTC
Full article 26 comments
The economy's performance was pushed by higher agricultural production among other factors, (excellent soy and corn crops), and consumer purchases The economy's performance was pushed by higher agricultural production among other factors, (excellent soy and corn crops), and consumer purchases
Industrial production was down 1.5% in April and again the auto industry was the hardest hit, plummeting a total of 20.7% compared to April 2014. Industrial production was down 1.5% in April and again the auto industry was the hardest hit, plummeting a total of 20.7% compared to April 2014.

Good and bad news for Argentina's economy: the latest figures from the National Statistics and Census Institute (INDEC) reveal that economic activity increased 2% percent in March, compared to the same month last year, but industrial production recorded its 21st negative consecutive month in April.

 The economy's performance was pushed by higher agricultural production among other factors, (excellent soy and corn crops), together with growth in financial activity and consumer purchases. However the Monthly Economic Activity Estimator did show a drop of 1% for the month compared to February.

While the INDEC has not officially revealed accumulated results for the current year, in January 2015 the economy showed no change in relation to the same month last year; while in February a climb of 1.4% was recorded, marking a total growth of 3.4% with March's figures.

Despite the good performance, the country's industrial production recorded its 21st consecutive negative month with a 1.5% fall in April, according to INDEC.

The result, compared to the same period last year, was in line with predictions from expert analysts, who had forecast a drop of similar magnitude for the month. The April Monthly Industrial Estimator shows falls both in overall production figures and in seasonally-adjusted numbers.

Once again the automotive industry was the hardest hit, plummeting a total of 20.7% compared to April 2014.

There was better news in the manufacturing sector, with a rise of 3.7% in seasonally adjusted figures for the month (0.4% unadjusted). In the first months four of the year industry has contracted 1.8% compared to 2014.

Categories: Agriculture, Economy, Argentina.

Top Comments

Disclaimer & comment rules
  • ChrisR

    Well, TMBOA has worked as hard as she and her money grabbing thugs could possibly have worked to FUCK THE COUNTRY UP!

    How did she think that banning imports would work out?

    No carmaker makes all the car nowadays, they never have and will never do that: it is just too expensive and has serious quality issues as well.

    I am changing my car next May or so, it won't be built in TDC that's for sure.

    May 27th, 2015 - 11:51 am 0
  • yankeeboy

    If you're going to lie at least make it kinda believable. Every single business is failing in Argentina. There's absolutely no way there could be a 2% increase in the economy as a whole.
    What a bunch of scumbags.

    May 27th, 2015 - 01:11 pm 0
  • chronic

    LOL.

    rotting roadkillian statistics?

    Anyone that takes any statement from a representative of rotting roadkillian interests at face value should be committed for observation.

    ----------------------------------------

    When (if) the current set of thieves leave power the next group will have to audit YPF, ANSES, BCRA, ETC - to see if anything actually ever did exist.

    -------------------------------

    www.transparency.org/cpi2014/results

    Internationally #107 with a 34 score.

    ------------------------------------------------------------

    Enrique Massot: “Here It is, all the issues of a nation of forty-some million people explained in just seven words. We are all liars.”

    May 27th, 2015 - 02:30 pm 0
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