In November, exports rose 17.2% over the same month the year before which was below the 27.9% expansion in October but nonetheless marked the 20th consecutive month of double-digit growth. A month-on-month comparison, however, pointed to a bleaker result compared to the annual figures, as exports contracted 6.0% on a seasonally adjusted basis, contrasting the 0.2% expansion recorded in October and, in fact, marking the largest drop since February 2010. Imports, meanwhile, grew 11.9% annually in November, down from the 27.4% expansion registered in October. As a result of the moderation in exports, the trade surplus narrowed from USD 1.2 billion in October to USD 0.7 billion in November.
Argentina Trade Balance
Exports moderate in November
December 21, 2011
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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).