In March, the Argentine industry exhibited a notable recovery, marking its first year-over-year increase in nine months, with a rise of 5%. According to the Industrial Production Index published on Thursday by the statistics institute INDEC, activity experienced an increase of 3.2% relative to the preceding month. This favorable data mitigated the declines that Argentina’s … Read more
At a clothing factory in Buenos Aires, numerous workers observe with concern as imported garments increase their market share while sewing machines remain unused – a vivid illustration of the challenges confronting Argentina’s textile sector in light of President Javier Milei’s trade liberalization initiatives. At Confecciones Seman SA, a manufacturer of suits and shirts, over … Read more
The investment amounted to US$52 million, characterized as the “most modern of its kind, worldwide, with cutting-edge sustainable technology,” as stated in the official announcement. In October 2022, Whirlpool inaugurated a new washing machine production facility in Pilar, Argentina. Last week, just over three years later — and two years into the presidency of libertarian … Read more
For years, Argentines have expressed dissatisfaction regarding the elevated prices of clothing. Recently, however, their expressions of concern have been met with a query presenting an alternative solution. References to the online Chinese retailer have proliferated for a specific rationale. Since President Javier Milei removed restrictions on online shopping platforms, the Argentine market has seen … Read more
According to the latest report from the INDEC national statistics bureau, Argentina’s trade with China recorded the highest negative balance in the first half of the year: US$5.227 billion. The Asian giant continues to be Argentina’s second largest trading partner; however, the disparity between exports and imports is significant. Exports constitute 22.5 percent of total … Read more