Argentina's National Statistics Bureau, Indec revealed that construction activity fell 6% in March compared with the same period in 2013. The Argentine government, as has happened with the poverty figures, at first was reluctant to release the index, but finally delivered the latest data.
Poverty and indigence in Argentina in the last quarter of 2013 again increased and reached 27,5% of the population and 17.8% of households, according to the latest report from the Catholic University Social Debt Observatory, UCA.
Argentine Economy Minister Axel Kicillof and Industry Minister Débora Giorgi fly to Brasilia on Tuesday in a bid to swing the automobile trade balance in Argentina’s favor, with the sector accounting for the majority of a total 3.15 billion dollars trade deficit. From Brazil Finance minister Guido Mantega confirmed bilateral discussions on the auto industry and exports.
Argentina's industrial production contracted 6% in March from the same month last year, the government said on Friday, marking the sixth consecutive monthly loss in factory output due in part to weakness in the auto-making sector. In another report released on Friday Argentina's trade surplus contracted dramatically, indicating the country could be effectively heading for a recession.
Argentina's stats office, Indec failed on Wednesday to deliver the country's poverty and indigence rates due to “methodological” reasons, the head of ministers explained on Thursday morning adding the measurement of the basic basket “differs totally” from CPI’s calculations. His comments triggered a cataract of criticisms.
Argentina's Statistics and Census Institute (Indec) postponed the release of figures from the so-called House Poll, which includes strategic information regarding poverty and indigence rates, officials from that entity confirmed on Wednesday afternoon.
Argentina's National Institute of Statistics and Census, Indec, announced that the country's GDP grew by 3% across the last calendar year, dropping short of the figure necessary to service bonds linked to the nation's economic activity.
Inflation in Argentina during the month of February reached 3.4%, which means that in the first two months of the year the index stands above 7.1%, according to the latest figures released by the country's National Institute of Statistics and Census' (INDEC) Consumer Price Index.
Argentina’s balance of trade in January unveiled a small surplus of 35 million dollars, which represents a decrease of 88% comparing the same period in 2013. According to the government stats office, Indec, exports reached 5,3 billion dollars, a retraction of 8%, compared to the same month last year, while imports hit 5.1 billion, a downfall equal 4%, compared to January 2013.
The Argentine economy expanded 4.9% last year according to the official stats office Indec 'monthly economic growth indicator', EMAE, which is usually a good anticipation of the final figures. If confirmed Argentina will have grown uninterruptedly since the 2002 crisis, when the major default and melting of the economy.