The growth of the industrial sector in Venezuela during the first quarter of 2025 was 8.2 %, according to the Venezuelan Confederation of Industrialists (Conindustria) in its recent Industrial Situation Survey (ECI).

Luigi Pisella, president of Conindustria, attributed the positive performance to “a combination of factors such as the exchange rate correction, the elimination of tax exemptions on imported products, and the promotion of domestic production as a substitute for imports.”

He emphasized in a press conference that when “public policies favor local production, more robust value chains, jobs, and a stronger economy are generated.”

Conindustria highlights in its report that 44 % of manufacturing companies expect their production to increase in the next quarter. However, “installed capacity remains underutilized: the average was 45.8 %, with differences depending on company size. Large industries operate at 47.2 % of their capacity, while small ones barely reach 25.8 %.”

The organization highlighted the need for tax reform, proposing changing the VAT declaration period from biweekly to monthly, as well as reducing VAT withholding from 75 % to 50 %, in addition to recognizing tax credits for uncompensated withholdings.

Pisella believes that implementing these suggestions would simplify the tax burden, which is key “to strengthening the sector’s competitiveness and projecting Venezuela as an export powerhouse.”

M.Pino

Source: eldiario

(Reference image source: Ümit Yıldırım on Unsplash)

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Netflix announced the loss of 970,000 subscribers in the last quarter, a result that reinforces the company’s decision to expand charging users for sharing accounts, in search of new ways to earn money after years of massive growth.

In its results report, the company indicated that it has lost almost a million subscribers. This is the largest loss in the company’s history, but it is far from the two million that it had initially forecast in its April report.

Likewise, the content platform indicated that it will ask customers in five Latin American countries to pay an additional $2.99 ​​per month to add a “second home” to their accounts.

“This focus on member choice and control influences every aspect of our strategy, creating what we believe to be a significant long-term business advantage,” the company said.

Netflix intends to roll out its cheapest advertising tier in early 2023 in “quite a few markets where ad spending is significant.” Analysts keep cautious before such a development.

K. Tovar

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Source: CNN

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The Gross Domestic Product (GDP) of China registered a growth of 4.8 % in the first quarter of 2022 compared to the same period of the previous year. It represents an acceleration of eight tenths compared to the year-on-year expansion registered between October and December 2021, as reported by the National Statistics Office (ONE).

However, in the quarterly comparison, the growth of the world’s second largest economy between the months of January and March moderated to 1.3 % from 1.5 % in the last quarter of 2021 in anticipation of the impact on activity that may have the restrictions reintroduced in several Chinese cities to contain the outbreak of Covid-19.

“In general terms, the national economy in the first quarter continued with the momentum of recovery, behaving within a reasonable range. However, we must be aware that with the national and international environment becoming more complicated and uncertain, economic development faces major difficulties and challenges,” the Chinese statistical office warned.

In the first quarter of the year, the primary sector of the Chinese economy experienced year-on-year growth of 6 %, while industry expanded at a rate of 5.8 % and services, which already account for 56.6 % of the Chinese economy, grew by 4 %.

Between January and March, China’s retail sales increased by 3.3 % year-on-year, while fixed asset investment rose by 9.3 %.

Source: dpa

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