Argentine industrial activity in May contracts for the nineteenth month running

Thursday, July 16th 2015 - 13:01 UTC

Full article 11 comments

Argentine May industrial activity was up 0.4% over April but down 3.8% in May compared to a year ago and in the first five months of 2015 has contracted 2.6%, according to the monthly survey from the Argentine Industrial Union, UIA, released on Wednesday. Read full article

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yankeeboy
As I said last year the increase in Soy production would not make up for the decrease in demand and price.

When industry falls for 19mos you're in a depression

high inflation and depression
hard to do
impossible to fix
:)
Jul 16th, 2015 - 01:20 pm - Link - Report abuse 0
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chronic
Yep. You heard it here first. Economic decay without abatement.
Jul 16th, 2015 - 02:11 pm - Link - Report abuse 0
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Condorito
and I was just telling the illiterate campesino to get back to his soybeans yesterday.
Jul 16th, 2015 - 02:32 pm - Link - Report abuse 0
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yankeeboy
3. Soy was barely profitable this year even for the large farmers it lost $ for the imid to small farmers. If inflation keeps up ( and it will be even more than this year) it will become unprofitable for even the large farmers next year.
Then the final golden goose is dead.
:)
Jul 16th, 2015 - 03:07 pm - Link - Report abuse 0
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Conqueror
Wasn't Kirchner celebrating argieland's industrialisation not so long ago? Argie “industrialisation” consists of “place foreign-produced bolt in foreign-produced part and screw to second foreign-produced part.” Then throw it away because the imbecile-level argie cross-threaded the bolt. Nineteen months of disaster. Do hope this continues.
Jul 16th, 2015 - 04:32 pm - Link - Report abuse 0
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reality check
That's rubbish!

The entire world knows that Argentina in a modern. economic Miracle.

Don't you guys read the press.

A decade won!
Jul 16th, 2015 - 04:39 pm - Link - Report abuse 0
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yankeeboy
Very often I think Rgs mistake English words for their exact opposite meaning..

CFK AxelK and th rest of the tards running the country often talk about re-industrializing the country.
I don't think they know what that means..
:)
Jul 16th, 2015 - 04:42 pm - Link - Report abuse 0
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Condorito
@4 Yb
By next year they will have a new executive which will have the chance to change course. They can not continue on the same road - there is a limit to human stupidity.

On the subject of stupidity, I remember toby crowing about the world leading turbine manufacturer in his home province. I told him back then that protectionism would destroy the company and eventually turn it in to a bargain for a foreign buyer. And guess what, his beloved Impsa is bankrupt, selling of vehicles to pay wages with a Chinese buyer poised to buy up the best bits of the business at fire sale prices. :(
Jul 16th, 2015 - 05:13 pm - Link - Report abuse 0
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reality check
Oh god, why wasn't I born an Argentine?

I wouldn't have a job, vacations, cars in the drive, utility bills, taxes, Education fees and a lovely pension! Yes I know I work and have a pension, damn life sucks!

Whoo is me, thrice whooo, life is such a fickle mistress, oh if only!!!!!
Jul 16th, 2015 - 05:15 pm - Link - Report abuse 0
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yankeeboy
8. A new Prez will not be able to change the economic course through 2017. It is set. Unless they go for an IMF bailout and austerity.
I don't see that happening
So I stand by my prognostication.
Jul 16th, 2015 - 05:54 pm - Link - Report abuse 0
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Voice
9
Could have been worse...you could have been born Welsh....
...wait a minute...
....;-)
Jul 17th, 2015 - 04:41 pm - Link - Report abuse 0
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