GDP numbers point to deteriorated manufacturing sector
The president of the Venezuelan Confederation of Industries (Conindustria) listed late allocation of foreign currency and raw materials in short supply among the hurdles to production increase
The numbers for the first quarter of 2012 released by the Central Bank of Venezuela (BCV) confirm that the manufacturing sector is "much deteriorated," reasoned Carlos Larrazábal, the head of the Venezuelan Confederation of Industries (Conindustria).
"The manufacturing sector is much deteriorated out of public policies," the chief executive officer commented during a press conference.
He emphasized that a survey customarily conducted to probe the business environment, this time in the first quarter, revealed that the lack of foreign exchange and raw materials are two of the three main obstacles to raising the output.
Luis Jiménez Alfaro seems to have hidden under the rocks. The last time he was seen was on April 2006 walking calmly around Simón Bolívar International Airport of Maiquetía, located nearby Caracas. At that time, more than five tons of cocaine arrived in Mexico in an airplane which took off from Venezuela, and his name featured as a missing piece of the puzzle of one of the most massive drug shipments that has been witnessed in the Western Hemisphere.