Argentina: Economic activity expands again in November
January 26, 2015
Economic activity increased 0.2% annually in November, which slightly exceeded the 0.1% increase tallied in October. October was the first month since June 2014 in which the index recorded a positive annual rate of growth.
Economic activity contracted 0.1% over the previous month in seasonally-adjusted terms in November, which contrasted the 0.8% increase tallied in October.
The national statistical institute changed the base year of the index from 1993 to 2004 in March 2014. As a result, the new index brings the official estimates closer to the independent estimates that local private analysts produce, which have traditionally pointed to lower growth compared to official sources. However, there is still a notable discrepancy between official and non-official figures.