“The performance of services in the current growth cycle and its contribution to growth was Ascending” says Ecolatina consultancy, considers the outlook for the sector is “encouraging”. Between 2002 and 2006, exports of services grew 122% in dollars compared to 81% of assets; and in the first half increased 27% and 15% respectively. In 2007, exports of services at current prices will rise 25% versus 15% of the relevant goods, widening gap compared only to the quantities (20% versus 7%, respectively). Unlike the production of goods, the services sector “is not as affected by physical constraints such as lack of spare capacity and / or energy constraints”, highlights the economic entity in its weekly report. He adds work, competitive exchange rate boosts exports of the sector, 74% are above the level prior to convertibility, while imports are just reaching the pre-crisis level. While inflation erodes competitiveness admits Ecolatina, signs of recovery in this sector seem firm, as the services account deficit is located at $ 466 million and 13.4% decline in the first half of the year. The most significant change was recorded by the “Travel” category, in 2006-after many years and recorded a surplus so far this year travel receipts grow almost 10 percentage points higher than expenditures (33, 5% versus 24.1%). sales professional, business and technical services since 2004 growing at an average rate of around 30% per annum for the reduced labor costs measured in dollars driven and quality of resources are also highlighted Argentine human. Meanwhile, “Transport”, unlike the previous ones exhibits a similar balance of goods, relative worsening evolution, since freight rates are traditionally deficit for Argentina category. This sector is benefited because the maturities of investments tend to be lower than in the production of goods. Moreover, the largest margin of supply expansion implies that it is not yet significant gap between domestic demand and compensate with higher imports, as in the production of well-bid. Moreover, risks Ecolatina with existing human and natural resources, Argentina has the potential to become the short term a “net exporter of services.” “If it stays in the next two years growth of exports and imports similar to the first half of services, in 2009 the services balance surplus would be,” says the consultant. However, the company warned, “although this path is likely, we must consider the risk that rising prices erode the competitiveness of the sector.” (Telam). Editor’s note: Recently released SECTUR foreign income to Argentina by the Ezeiza airport. The figures are hardly significant for the rest of Argentina. The Chamber of Tourism of the province of Mendoza, in order to plan promotions abroad, want to know how many foreigners come to Argentina for all points of land, air, river and sea border income and nationality. This may certainly guide promotions in the most attractive markets for tourist destinations in the interior, not only to Buenos Aires.-Until the end of this edition of Promotor, orders SECTUR on actual statistics and not have complete been answered. Source: Weekly Newsletter Chamber of Tourism of Mendoza
