Following on the steps of the IMF (and World Bank) which has strongly questioned Argentine official stats (mainly inflation and GDP growth), the United Nations Economic Commission for Latin America and the Caribbean, Eclac, also joined the club of disbelievers since in its last report on the regional economy appealed to other stats’ sources.
Boosted by auto and metal-mechanic manufacturing industrial production in Argentina during June increased 3.8% compared to the same month a year ago, according to the latest release from Indec. Since April and May were also positive this means that the second quarter was up 3.5% over a year ago.
Argentina's June trade surplus grew by 26.9% to 1.16 billion dollars from 910 million in the same month last year, but the six month period was down 26%, the government's national statistics institute Indec said on Tuesday.
Argentina's economic activity jumped 7.8% in May from a year earlier, according to the country’s questioned stats office, Indec. President Cristina Fernandez had anticipated the news earlier in the week in a televised speech.
Argentina’s June inflation according to the ‘congressional index’ was 1.93%, and 23.78% in the last twelve months, it was announced on Thursday by the opposition members from the Lower House Freedom of Speech committee.
Argentina’s teamsters union headed by the powerful leader Hugo Moyano, a former ally of the government and currently one of her most aggressive adversaries, has declared a national strike on Monday which in practical terms means the country is in full campaign ahead of the mid term October election when President Cristina Fernandez will try by all means to retain control over Congress.
At least 17.8% of the Argentine population lives in indigence conditions, taking as reference a ‘Healthy Food Basket’ which estimates family monthly needs in 3.700 Pesos which is more that five times the official stats office Indec reference sum of 730 Pesos.
Several Argentine lawmakers from opposition parties accused President Cristina Fernandez and Domestic Trade minister Guillermo Moreno of allegedly ‘falsifying” the figures published by the government’s official stats office Indec.
Argentina's trade surplus shrank 38% in April from a year earlier to 1.15bn, revealed the national statistics institute Indec, indicating the government has significantly loosened restrictions on imports. A year ago the surplus was 1.85bn dollars.
Argentina's economic activity expanded 2.6% in March from a year earlier and 0.7% over February, the national statistics institute Indec said on Friday. Accumulated growth in the 12 months through March was 1.3%, down from 1.9% in full-year 2012.