Tag: economy

• Saturday, May 21st 2011 - 09:19 UTC

  Argentina April industrial production grows 8% over a year ago

  

  Argentina's industrial production rose a seasonally adjusted 8% on the year in April, led by an expansion in automobile, metals and chemical output. Manufacturing increased 0.5% in seasonally adjusted terms from March, the national statistics agency, Indec, reported Friday.

• Thursday, May 19th 2011 - 17:08 UTC

  Pillars of Argentina’s productive model and re-industrialization process are “solid”

  

  Economy Minister Amado Boudou said that the pillars of the ‘productive model’ and re-industrialization process implemented by the Argentine government are solid consolidating social inclusion and distribution.

• Wednesday, May 18th 2011 - 16:28 UTC

  Brazil satisfied with measures to cut ‘torrential inflow’ of US dollars

  

  Brazil’s Finance Minister Guido Mantega said dollar inflows into the country have returned to a “reasonable” level, after the government took steps to stem a flood of foreign money.

• Thursday, May 12th 2011 - 19:12 UTC

  Japan’s current account surplus falls 34.3% in March, because of tsunami

  

  Japan's current account surplus fell by 34.3% in March compared with the same month a year ago, after a massive quake and tsunami devastated exports, according to the latest release from the Ministry of Finance.

• Monday, May 9th 2011 - 06:46 UTC

  Chilean industrial production booming; unemployment steady at 7.3%

  

  Industrial production in Chile increased at the fastest ever pace in the 12-month period ended March, data released by the National Institute of Statistics revealed. Industrial output climbed a record 30.9% in the year ended March, marking the biggest growth in the history of the indicator. In February, output rose 1.9%.

• Friday, May 6th 2011 - 00:10 UTC

  Uruguayan inflation eases in April but still is almost double the annual target

  

  Uruguay’s April consumer inflation, 0.34%, the lowest since last November came as a relief for government authorities, but the accumulated rate of the last twelve months was 8.34%, well above the Central bank 4% to 6% target. Furthermore compared to April 2010 inflation was almost double: 0.18% vs 0.34%, according to the country’s Statistics Institute, INE.

• Wednesday, May 4th 2011 - 23:15 UTC

  IMF warns Latam of ‘complacency’, leading to overheated economies

  

  Economic growth in much of Latin America remains strong, propelled by rising commodity prices, easy financing conditions, and stimulative policies. Growth exceeded 6% in 2010, and while it is projected to moderate to about 4¾% in 2011, the IMF says countries should remove the policy stimulus on a timely basis.

• Wednesday, May 4th 2011 - 23:12 UTC

  Argentina’s economic performance ‘below’ South America’s average

  

  The Argentine ‘development model’ had had its successes but it belongs to the average group of most South American countries that benefited by the explosive advance of commodity prices and since 2007 has fallen to the bottom half of performers in the region according to former Economy minister Martin Lousteau.

• Tuesday, May 3rd 2011 - 17:03 UTC

  Brazil’s industrial output expands for third consecutive month

  

  Brazil’s industrial output increased a seasonally adjusted 0.5% from February although it fell 2.1% compared with March 2010, the Brazilian Census Bureau, or IBGE, said Tuesday.

• Tuesday, May 3rd 2011 - 05:16 UTC

  Brazil’s trade surplus in April soars pushed by commodities prices

  

  The trade surplus rose to 1.86 billion USD last month from 1.55 billion in March, the ministry said. The figure compares with a 1.28 billion surplus in April last year. In the first four months of 2011 Brazil’s trade surplus totalled 5.03 billion USD which is up 132% over the same period a year ago.