The Argentine Central bank has purchased so far this week 500 million US dollars to ensure that the country’s exporters retain a favourable exchange rate and importers are not that tempted to buy foreign goods.
IMF said on Wednesday that it is assessing the quality of Argentina's reporting on economic data based on a report presented by the fund’s management which recently visited the country member.
Argentina's government has filed criminal charges against the managers of an economic consulting firm, escalating its persecution of independent economists. A federal court official said Friday that a judge is evaluating the charges but has yet to decide if it is appropriate to begin investigating them.
Argentina’s economic activity level increased 9.1% in the first four months of the year compared to the same period of 2010 fuelled by domestic consumption, manufacturing and international trade, according to the country’s Statistics and Census Office, Indec.
Argentina's trade surplus in May rose 29% from the previous month, thanks to high prices for the country's exports of grains and manufactured goods, the national statistics agency said Thursday.
Inflation in Argentina reached 0.7% in May compared to the volume reported in the previous month, the Indec national statistics bureau announced on Wednesday. The official rate is less than half what was presented on Tuesday by opposition lawmakers, which they assured reached 1.5% and 23% in the last twelve months.
Argentine opposition lawmakers reported Tuesday that the inflation rate reached 1.5% in May, according to the estimates provided by eight censored economic consultants. They added it was their duty to inform about data which “the government tries to hide from public opinion”.
Argentina posted a primary budget surplus 1.97 billion Pesos (455 million US dollars) in April, up 4.8% from the 1.88 billion Peso surplus a year earlier, the government said on Thursday.
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.
Argentina's construction activity was up 4% in March from the same month a year ago, the smallest increase in at least 15 months. In comparison, construction activity in March 2010 was up 12.8% on the year.