Various data show that accompanied the country's economic recovery, a process that began in the last quarter of 2009. The increases in many cases the indicators are the highest since 2008 and are consolidating the economic upturn.

From the hand of industry growth, improved construction activity
A series of positive indicators that broadcast the INDEC confirm that Argentina's economy began to recover steadily, after enduring the impact of the international crisis in 2009. The data reflect that accompanied the economic recovery that began in the last quarter of last year and seems to consolidate current.

The production of goods and services climbed 8.1% in March as a year, not only is the highest indicator the last 20 months, but also in the first quarter of the increase was 6.4%, the highest since December 2008.

The INDEC also distributed the Monthly Industrial Estimator, which in April showed an improvement of 9.9% over the same month in 2009 and 1.5% compared to last March. Manufacturing output up in the year an expansion of 9.4%, the highest annual change since January 2008.

From the hand of industry growth, improved construction activity, where indicators will be released next week, which grew 8.5% in the first quarter and plans for April rose nearly 10% after 13 jump , 7% from last March.

Accompanying these indicators the good performance of the trade balance in April resulting in a trade surplus of 1.932 million dollars, the highest of the year, and continues its recovery, with the level of re-exports increased levels of activity 2008.
The higher level of activity is in addition to the strong expansion of consumption has been showing in the first quarter, and where indicators of supermarkets and shopping centers, which also will be broadcast next week, "planned improvements over the two digits in April.

For its part, the unemployment rate reached 8.3% in the first quarter, down slightly from 8.4% the same period in the first quarter of 2009. The indicators improved from the second quarter of last year, when unemployment had been 8.8%, and also over the third quarter when he scored a 9.1%, the period of greatest impact of the international crisis.

Industrial activity. Grew 9.9% in April compared to the same month of 2009, and improved 1.5% compared with March, in another sign of sustained recovery of the economy. Manufacturing output up in the year an expansion of 9.4%, the highest annual cumulative change since January 2008 when the Industrial Monthly Estimator dropped 12.6 percent.

In comparison to April compared with March last, the production of manufactured goods grew 1.5 percent. Impact on the index the strong growth of the automotive industry, up 55.4% and steel production, the activity increased 40.1% over April 2009.

The textile industry's production improved at 21.8% yoy, the inputs for the construction industry by 7.2% and rubber and plastic products by 7.6 percent. They also improved their production over April last year the production of chemicals and chemical products by 3.4% and the metalworking industry 1.1 percent. The paper and paperboard production grew 6.4%, the editing and printing of 5.5% and 0.2% snuff, on-year.

Negative indicators showed the food industry, with a low of 2.9% and petroleum refining, which contracted 4.1% compared with April 2009.

According to the Industrial Qualitative Survey, prepared by the INDEC, business sector 75.7% felt that the industry will maintain its current level of activity in May, while 18.7% estimated increase and the remaining 5.6% reduced activity level.
In April, the average installed capacity utilization averaged 79.5%, the highest of the year.

The metalworking industry, with a utilization of 89.8%, and textile production, with 88.5%, were the sectors with the highest average level of installed capacity. Oil refining recorded 88% utilization of its productive capacity.

Trade balance. Exports grew 19%, amounting to U $ S6.033 million, which went well at the levels that were exported in 2008. The greatest value of exports for April 2009 was the result of an increase in the quantities sold of 16% and 3% improvement in international prices.