Indec reports $1.02 billion trade balance surplus in January

Argentina National Institute of Statistics and Census (Indec) reported a trade surplus of $1.02 billion in January, from a surplus of $373 million a year earlier. Exports declined slightly to $4.55 billion in the month from $4.59 billion a year earlier, while imports fell to $3.53 billion from $4.21 billion in the same period. Trade (exports plus imports) decreased 8.% in relation to the same period of the previous year at $8.1 billion.

Argentina’s economy shrank 2.1% in 2019 following 2.5% in 2018, Indec

Argentina's recession-hit economy shrank by 2.1% in 2019, the INDEC national statistics bureau said. The economy contracted by 0.3% in December compared to the same period in 2018. The hardest-hit sectors that month were financial services (-10%), and construction (-8%). On the other hand, the fishing industry grew by 13.5%. GDP had already dropped by 2.5% in 2018.

Wholesale prices recorded a sharp slowdown in January at 1.5%

Argentina internal wholesale price index (IPIM) registered an increase of 1.5% in January compared to December, when it was 3.7%, according to the latest data published by the National Institute of Statistics and Census (Indec). The index of internal basic wholesale prices (IPIB) increased 1.7% and that of basic producer prices (IPP) 1.9%. In the year-to-year measurement, wholesale prices rose by 60%.

Basic food basket jumped 5.7% in January, retail inflation 2.3%

An Argentine type family (two adults and two minors) needed in January the minimum income of AR$40,373 ($654) to not fall below the poverty line, and AR$16,478 ($ 267) to avoid indigence, said the National Institute of Statistics and Censuses (Indec). This means that the Basic Food Basket (CBA), which gathers the minimum amount of food for subsistence rose 5.7% monthly; while the Total Basic Basket (CBT), which in addition to food includes transport and some clothing, increased 3.6%.

Inflation slowed in January to 2.3%, official data

Inflation in January slowed to 2.3%, the lowest monthly rate recorded since July 2019, the National Institute for Statistics and Census (Indec) reported. The highest item was recreation and culture (5%) followed by food and beverages (4.7%). In December 2019, prices had increased in Argentina by 3.7%. Compared with data recorded in January 2019, the cost of living has increased by 52.9 percent on average.

Argentina industrial installed capacity rose to 56.9% in December

The utilisation of installed capacity in the industry rose in December to 56.9%, compared to a year earlier, the National Institute of Statistics and Census (Indec) reported on Wednesday. Among the sectors with higher levels are petroleum refining (78.6%), chemical substances and products (68.8%), paper and cardboard (68.1%), basic metal industries (66.1%), and food and beverage products (63.3%).In contrast, the automotive industry decreased by 21.1% compared to December 2018.

The number of foreign tourists increased 11.1% in 2019

A little more than three million foreign tourists visited Argentina in the twelve months of 2019, this is 11.1% more than the previous year, according to the latest International Tourism Statistics report from the National Institute of Statistics and Census (Indec) . On the contrary, about four million Argentinians travel abroad, which meant an inter-annual fall of 11.9%. In December, arrivals increased 3.3% and departures fell 13% year-on-year.

Argentine economy shrank 1.9% in November 2019

Economic activity fell 1.9% year-on-year in November 2019, affected by inflation and the general decline in the industry, according to the National Institute of Statistics and Census (Indec). In its latest Monthly Economic Activity Estimator (EMAE), it says that the production of goods and services accumulated a contraction of 2.3% in the first nine months of 2019 compared to the previous year.

Wholesale prices increased 58.5% in 2019

Wholesale prices rose 58.5% during 2019, after registering a 3.7% increase in December, according to the National Institute of Statistics and Census (Indec). The index exceeds retail inflation by 4.7%, which was 53.8%. This figure is explained as a consequence of the 4.1% increase in "National Products", partially offset by the 0.4% decrease in "Imported Products".