Argentina: Economic activity accelerates in September
November 15, 2013
In September, economic activity increased a working-day adjusted 4.7% over the same month last year. The print came in above the 4.0% expansion observed in August.
Compared to August, economic activity was flat in seasonally-adjusted terms, which represents a deceleration over the 0.3% rise tallied in August. Reflecting the higher print, annual average growth in economic activity rose from 4.1% in August to 4.5% in September.
LatinFocus Consensus Forecast panelists expect GDP to rise 3.7% this year, which is down 0.2 percentage points from last month's forecast. For 2014, participants expect GDP growth to slow to 2.5%, which is down 0.1 percentage points from last month's projection.
Author: Armando Ciccarelli, Head of Data Solutions