In July, exports rose 1.1% over the same month last year, contrasting the 10.3% drop seen in June and ending a streak of three consecutive negative readings. A month-on-month comparison corroborates the improvement suggested by the annual figures, as exports expanded a seasonally adjusted 7.7%, contrasting June's 1.4% drop and marking the strongest pick-up since August 2011. Imports, meanwhile, fell 4.2% annually in July, which was up from June's 11.6% decrease but marked nonetheless a sixth consecutive month of contracting imports. The figure reflects the lasting impact of government measures aimed at curbing import growth. As a result, the trade balance recorded a surplus of USD 1.0 billion in July, which was above the USD 657 million surplus seen in the same month last year.
Argentina Trade Balance
Exports recover in July
August 22, 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).