Argentina has ceased to be a tire-manufacturing country as labor conflicts resulted in the closing of all three plants nationwide, although some of these measures have been reported to be a temporary issue.
Argentina's National Institute for Statistics and Census (INDEC) Friday announced the country's exports increased 9.1% since March 2020, while imports went up 16.4% for the same period of time, for a combined foreign trade worth of US $ 8,488 million, 12.1% above last year's figures.
Argentina's industrial output crashed 33.5% in April from the same month last year, the government's statistics agency said on Thursday, as the national lockdown to fight the coronavirus pandemic bludgeoned Latin America's No. 3 economy.
Argentina's industrial output rose 1.2% in December versus the same month a year earlier, the government statistics agency said on Wednesday, returning to positive territory for the first time in 20 months as the country grapples with the recession.
The president of Argentina, Alberto Fernández, established through a Decree of Necessity and Urgency the double compensation to workers for a period of 180 days in case of “dismissals without just cause” and “given the need to stop the worsening of the labor crisis “ The business sector receives it as ”bad news.”
Argentina's industrial output slid a steeper-than-expected 13.4% in March compared with the same month last year, the government's Indec statistics agency said on Monday, as the recession-hit economy struggles to return to growth.
Manufacturing performance in Argentina during 2018 was one of the worst since the 2001/02 collapse and melting of the country's economy according to the latest release from the stats office, Indec. Manufacturing dropped 14.7% in December compared to the same month in 2017, ending 2018 with an overall decrease of 5%.