And it’s coming out on the back of large-scale public sector infrastructure works.
Cement dispatches have always been a good hack on the state of Argentina’s real economy. In the first five months of this year they hit record numbers and according to the cement people, 2015 is forecast to be 9.4% better than 2014. Data here.
So bad news for the Argentina haters, its economy grows. Thanks to government spending projects. Just in time for a Presidential election, too. Oh what a coincidence.