Energy shortages impact on Argentine industrial activities

For the first time since Argentina begun its strong recovery in 2003, industrial production contracted apparently because of the escalating energy problems and restrictions, according to the Buenos Aires think-tank FIEL which regularly releases monthly reports on economic and other activities.

FIEL numbers show that manufacturing industry last June in Argentina contracted 0.8% compared to a year ago and 3.9% down from last May.


The last time an industrial activity contraction occurred in the inter-annual index was in November 2002.