Argentina's industrial activity in September down 11.5% in the last twelve months

Monday, November 12th 2018 - 13:27 UTC

Full article 4 comments

Argentine industrial activity plunged 11.5% year-on-year in September – the biggest drop in 16 years. The INDEC national statistics bureau said that manufacturing witnessed a fifth consecutive month of decline, following drops of 1.2% in May, 8.1% in June, 5.7% in July and 5.6% in August. It’s the biggest contraction since July 2002. Read full article

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Enrique Massot
Hey!

Would the several commentators who joyfully commented about nearby stories about Argentina bother to say something about the results of the government they were so happy about some three years ago?

They won't. They do not want to say anything about president Mauricio Macri and his disastrous management of the Argentine economy.

Oh, but they will come in the blink of an eye to comment on Cristina's “crimes” and “corruption” -- even if judges have so far been unable to find evidence.

Ideology is blind.
Nov 13th, 2018 - 04:27 am - Link - Report abuse -1
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Zaphod Beeblebrox
Reekio,

“Would the several commentators who joyfully commented about nearby stories about Argentina bother to say something about the results of the government they were so happy about some three years ago? They won't.”

I have already commented on this when you made a similar point in another thread. You have yet to respond there so I'll copy here for your convenience:

Again, you cherry-pick some data that supports your view but miss the wider picture.

1. Pretty much all economic activity is seasonal so comparing one month to another is meaningless;
2. When you look at the data for GDP from manufacturing you see the seasonal effect I mention in 1, but also the trend has been increasing for the last 2 years https://tradingeconomics.com/argentina/gdp-from-manufacturing; and
3. Industrial activity is just one component of the Argentine economy.

“Ideology is blind.”

Yours is blind to any good news from Argentina.
Nov 13th, 2018 - 07:01 pm - Link - Report abuse 0
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DemonTree
@ZB
1. The 11.5% fall was year-on-year, not compared to last month. It was also the biggest drop in 16 years, hardly something that could be explained by seasonal changes.
2. I don't know why those figures are different. Here's the Indec report the article is based on: https://www.indec.gov.ar/uploads/informesdeprensa/emi_11_18.pdf .
Maybe you can find some reasons for optimism in there.
3. Take a look at the overall GDP figures on the trading economics site if you want to know how the rest of the economy is doing.
Nov 13th, 2018 - 10:54 pm - Link - Report abuse 0
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:o))
REF: “industrial activity in September down 11.5%”:

Pl. hold on. The govt. - as always & as the rest of the govts - will surely have perfectly reasonable justifications to explain their inefficiency and under-performance.

https://absurdamentes.files.wordpress.com/2014/01/charge-bbb.jpg?w=614
Nov 14th, 2018 - 02:16 pm - Link - Report abuse 0
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