In the fourth quarter, GDP rose 7.3% over the same period the year before. The reading represents a deceleration compared to the 9.3% increase recorded in the previous quarter came in virtually in line with last month's LatinFocus Consensus Forecast of a 7.2% expansion. Domestic demand remained the main contributor to overall growth despite a sharp deceleration. Total consumption added 8.8% over the same quarter of the previous year, which was below the 11.1% increase recorded in Q3. Meanwhile, gross fixed investment increased 8.0% in Q4, which was less than half the 16.5% rise recorded in Q3. Meanwhile, exports of goods and services grew 7.1% (Q3: +3.4% year-on-year), while imports added 9.8% (Q3: +17.7% yoy). As a result, the external sector's net contribution to overall growth improved from minus 2.1 percentage points in Q3 to minus 0.6 percentage points in Q4. A quarter-on-quarter analysis corroborate the moderation seen in annual figures, as GDP expanded 0.79% over the previous quarter in seasonally adjusted terms, down from the 0.92% increase registered in the third quarter. In the full year 2011, the economy expanded a robust 8.9%, which was nonetheless down from the 9.2% increase recorded in 2010.
Economic growth slows in Q4
March 26, 2012
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Argentina Economic News
October 4, 2016
At its weekly meeting on 4 October, the Central Bank of the Argentine Republic (BCRA) decided to keep the 35-day Lebac interest rate unchanged at 26.75%, matching the previous week’s decision.
September 30, 2016
In August, industrial production contracted 5.7% over the same month of the previous year, according to the latest data released by the National Statistical Institute (INDEC).
September 28, 2016
In July, the monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Económica) declined 5.9% year-on-year, which was below the 4.7% fall in June and represented the steepest contraction since July 2009.
September 28, 2016
In August, exports expanded 12.0% over the same month last year, which contrasted the 10.8% decrease seen in July and marked the highest reading since May 2013.
September 26, 2016
In August, consumer prices in the greater Buenos Aires capital area increased 0.2% over the previous month, according to recent data published by the National Statistics Institute (INDEC).