In August, exports rose 29.6% over the same month last year, which was above the 22.3% expansion in July and marked the 17th consecutive month of double-digit growth. The August print confirmed the strength of the external sector. In August, the moving 3-month sum of exports reached USD 23.5 billion, which was above the USD 23.3 billion recorded in the previous month and marked a record high. A month-on-month comparison corroborated the positive annual result, as exports expanded 6.9% on a seasonally adjusted basis, which contrasted the 2.7% drop recorded in July. Meanwhile, imports grew 42.9% annually in August, up from the 29.7% expansion registered in July. As imports outpaced exports, the trade surplus narrowed from USD 672 million in July to USD 639 million in August, marking the lowest surplus since February.
Argentina Trade Balance
Exports post new record high
September 23, 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).