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Positive signals from Argentina's economy ahead of October's election

Wednesday, July 29th 2015 - 06:30 UTC
Full article 27 comments

Industrial production in Argentina fell 0.8% in June compared to the same period last year, according to the country's National Statistics and Census Institute (INDEC), marking the 23rd consecutive month that the sector has contracted. However with seasonally adjusted figures, Indec's data showed a 0.9% rise, the first positive advance in two years (July 2013). Read full article

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  • Captain Poppy

    Of course things look good before the elections....you can't make this shit up......unless your name is Fernandez or Kirchner. Life is good in Argentina.....a 40“ flat screen TV runs 9,500 pesos.......a 40” smart TV the us runs arounds US 350. Jeans......1,000, Yup.........life is grand in Argentina under Kirchnerism.

    Jul 29th, 2015 - 10:48 am - Link - Report abuse 0
  • yankeeboy

    Austral Elvis says the BReal crashing will have little to no affect in Argentina. I guess the slowdown in China won't either.
    Bahahahahaha

    That idiot knows no bounds.

    I guess all the filthy K minions are going into congress so they can't be prosecuted.

    Won't work if a new gov't gets in tho...

    Jul 29th, 2015 - 11:40 am - Link - Report abuse 0
  • ynsere

    The information given by Argentine friends and acquaintences in Punta del Este is that things are not so good back home.

    Jul 29th, 2015 - 11:44 am - Link - Report abuse 0
  • ezekielman

    The only people who will accept Argentinian government statistics are those who believe Corruptina Kirchner is the world’s most beautiful president.
    Kirchner has been fiddling statistics ever since she and her husband gained power. That is why the respected and authoritative Economist magazine refused to publish inflation data released by INDEC, because this is a regime which hangs on to power through an official policy of lying.
    Don’t forget that Kirchner dismissed the head of INDEC because she refused to massage the data. So when the government was saying inflation was 10 per cent, objective analysis concluded it was more like 38 per cent.
    We should also remember that Kirchner stopped publishing official statistics on national poverty because they showed the true extent of the deprivation her government has caused. Yet Kirchner, that great champion of the poor, has managed to accumulate and hide a huge fortune which no one in Argentina has the courage and determination to expose. What a lovely lady.

    Jul 29th, 2015 - 12:12 pm - Link - Report abuse 0
  • ElaineB

    INDEC = LIES.

    Jul 29th, 2015 - 02:38 pm - Link - Report abuse 0
  • Briton

    Its always nice to see Argentina's wealth grow,

    that way, they can pay off their debts quicker. Gulp.

    Jul 29th, 2015 - 06:14 pm - Link - Report abuse 0
  • ChrisR

    @ 3 ynsere
    “ that things are not so good back home.”

    Do they go on to say but they are OK as they live here now and don't have to pay taxes here or put Uruguayo plates on their cars (and pay tax on them)?

    It really pisses me off at that one AND they are usually high end cars at that.

    Jul 29th, 2015 - 06:36 pm - Link - Report abuse 0
  • Papamoa

    Anibal should start manufacturing copies of his moustache for the export market it could save argentina`s economy, I would buy a couple!!

    Jul 29th, 2015 - 07:14 pm - Link - Report abuse 0
  • Enrique Massot

    Posters here should read the entire story before commenting:
    “Industrial production...with seasonally adjusted figures, Indec's data showed a 0.9% rise.”
    AND:
    “The FIEL Foundation had recorded a 3% growth in industrial activity...”
    AND:
    “The Orlando Ferreres Economic Studies Centre also showed a rise in industrial production, rising 0.8% in June.”
    The conclusion? Several organizations--beside the much-maligned INDEC--show positive numbers.
    These must be all die hard kirchnerists!

    Jul 29th, 2015 - 08:00 pm - Link - Report abuse 0
  • Captain Poppy

    I think we should take up a collection for Enrique so we can pay off some Kirchnerite to allow him back into Argentina. He needs to see the separation of what he reads and the reality.

    Jul 29th, 2015 - 08:36 pm - Link - Report abuse 0
  • yankeeboy

    Poor Reekie doesn't understand Argentina or money flow at all. He's really too old to learn too.

    I'll give him a clue though...23 MONTHS of lower Industrial activity in now way will you see any increase in GDP. No way no how. 14% Lower Soy income nothing I mean nothing can over come that deficit. No matter how hard they fudge.

    Anyone with a brain knows it.

    Jul 29th, 2015 - 09:12 pm - Link - Report abuse 0
  • Enrique Massot

    It's sad to see a person's mind clouded by blind contempt and hate.
    A country's economy is much more than a couple of indicators may show.
    Argentina, 13 years after its catastrophic default, is a changed country.
    In 2001, the results of a decade of neo-liberal administration were visible: key national companies had been auctioned off for pennies, and the whole domestic production sector had been devastated by free-trade policies that opened the doors wide to imports.
    Today, the domestic economy has been diversified with thousands of small and medium-size enterprises, the middle class has expanded...in a word, Argentina is today well positioned to withstand the world's sluggish economic conjuncture. So much for the soy price!
    Not even a thousand yankeeboys typing away from their moms' basements can change that.

    Jul 29th, 2015 - 10:24 pm - Link - Report abuse 0
  • ynsere

    Chris @ 7

    As a matter of fact I know Argentines living in Punta del Este who drive Argentine licensed cars (of varying value) and don't pay either Uruguayan or Argentine road tax. Howzat?

    Jul 30th, 2015 - 12:43 am - Link - Report abuse 0
  • Z-ville

    If y0u look carefully at these “statistics” and the underlying methods you will see that they are only measuring the flow of money, specifically pesos. As inflation eats away at the actual economy, they pump more and more pesos into the economy and then turn around and tell everyone that things are better because businesses report higher sales. They leave the part about the only reason businesses report higher sales is because inflation forces them to charge higher prices in pesos. nothing more is being made or sold.

    So a better way to look at these “rosy” statistics is that they are simply an underhanded way of reporting inflation figures.

    Jul 30th, 2015 - 02:10 am - Link - Report abuse 0
  • GatoTuPun

    @12
    “Today, the domestic economy has been diversified with thousands of small and medium-size enterprises”

    or in the words of the la Unión Industrial Argentina:

    “en tres años se cerraron un millar de fábricas”

    Jul 30th, 2015 - 10:43 am - Link - Report abuse 0
  • yankeeboy

    12. Reekie, The only business growing in Argentina is the illegal drug trade. Mfg, Sale of Meth is promoted by the Dirty Ks and their minions. It is infecting Argentina slums and being exported to EU. No other business is doing well. Take a stroll down any major shopping district and all you'll see are closed stores.

    You're a filthy propagandist and you sicken me.

    Jul 30th, 2015 - 10:54 am - Link - Report abuse 0
  • ChrisR

    @ 13 ynsere

    I was hoping you would respond because I respect your views and opinions, based as they are on experience.

    Of course they don't pay car tax in The Dark Country: does anybody????

    :o)

    Jul 30th, 2015 - 12:14 pm - Link - Report abuse 0
  • yankeeboy

    http://www.ieco.clarin.com/economia/empresarios-cordoba_0_1402060272.html
    For entrepreneurs in Argentina there are German wages and productivity African

    Kosacoff said that “in the midst of the international crisis, in different countries the industry grows. In the only place where it grows, it is in Argentina, ”noting that“ in the last 40 years lost ground: in 1975 we had 500 000 manufacturing jobs for a country of 24 million people; and now we have 280 000, half for a country of 40 million inhabitants. ” The former head of ECLAC said: “Since 2008, Argentina industry is braking, stop growing, industrial exports fall and not private employment is generated. There can be no development if companies do not strengthen to generate employment and wealth. ”
    He also noted the lack of opportunities for the most vulnerable sectors to have a social promotion, “35% of workers are in the informal sector and we have 800 thousand young who they do not work or study and do not have the skills to access formal employment. When a turner or a dressmaker who can make a collar, does not find them because there is no skilled labor is needed. ”
    Toward the end, Kosacoff declared: “It's hard to German wages, when we have an African productivity.”

    Google translate but you get the gist.

    See Retard Reekie. See?

    Jul 30th, 2015 - 12:56 pm - Link - Report abuse 0
  • Don Alberto

    I am so happy when I read Enrique Massot's posts.

    He and they remind me of another of my favorite comedians, Groucho Marx.

    The difference is, of course, that Groucho said it on purpose to be funny, while poor, poor Enrique believes in his own scribbles.

    Jul 30th, 2015 - 06:20 pm - Link - Report abuse 0
  • Enrique Massot

    #18 YB
    Quoting Clarin, the newspaper known by telling the truth...from time to time?
    Don't make me laugh so hard, YB--I may get a hernia.

    #19 Don Alberto
    Anything to say about the topic at hand?

    Jul 30th, 2015 - 11:54 pm - Link - Report abuse 0
  • yankeeboy

    20. Reekie, Clarin, LaNacion, Ambito( kind of) are the only legitimate newspapers in Argentina.
    Its no wonder you're so misinformed.

    Jul 31st, 2015 - 11:08 am - Link - Report abuse 0
  • Pete Bog

    @8 Papamoa

    “Anibal should start manufacturing copies of his moustache for the export market it could save argentina`s economy, I would buy a couple!!”

    Bogbrushes' (cpyrght ChrisR 2015) moustaches are regularly shorn and sold as rotating brushes you see on streetsweepers- regretfully, INDEC figures don't show this Argentine export success story.

    Jul 31st, 2015 - 11:11 am - Link - Report abuse 0
  • yankeeboy

    20. Reekie Retard, I posted Clarin quoting someone else. If you think they're wrong give them a call.

    Reekie Retard living up to the name day after day.

    Jul 31st, 2015 - 06:47 pm - Link - Report abuse 0
  • Enrique Massot

    #23 YB
    Hear, hear yankeeboy singing Clarín's praises and La Nación's as well.
    Courting the nasty and powerful--perhaps something will stick?

    Aug 03rd, 2015 - 03:57 pm - Link - Report abuse 0
  • Zaphod102

    Enrique,

    I asked you this in another section but you didn't reply.

    Is it correct that prisoners in Argentina get paid?

    Is it correct that this pay is almost twice as much as that recieved by pensioners (who don't get free food)?

    www.facebook.com/AntikTotal/photos/a.313717002061170.57584.313680435398160/681868728579327/?type=1

    Just curious...

    Aug 03rd, 2015 - 04:48 pm - Link - Report abuse 0
  • Captain Poppy

    That's priceless. Asking and expecting an answer from Enrique. You might as well ask him why he does not, will not and/or cannot return to Argentina. For an anti-capitalists, he certainly choose an interesting country to be exiled to.

    Enrique's hero's of SA:

    http://www.insightcrime.org/news-analysis/argentina-narco-corruption-scandals-report

    Aug 03rd, 2015 - 06:49 pm - Link - Report abuse 0
  • yankeeboy

    BCRA spent another U$100MM to keep the peso under 15/1.
    Wouldn't that be better spend paying over due bills?
    Or paying for more imports so they can mfg?
    or or or or

    Silly Korrupteds will never learn.

    Aug 05th, 2015 - 09:36 pm - Link - Report abuse 0

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