Argentina: Economic activity grows at slowest pace since December 2012
January 17, 2014
In November, economic activity expanded a working-day adjusted 2.2% over the same month of the previous year, which marked the lowest reading since December 2012. The print represents a deceleration over the 3.2% increase tallied in October.
Compared to the previous month, economic activity fell 0.1% in seasonally-adjusted terms, which was an improvement over the 0.4% contraction registered in October. Meanwhile, annual average growth in economic activity remained stable over the previous month at 4.8% in November.
LatinFocus Consensus Forecast panelists expect GDP to rise 1.7% this year, which is unchanged from last month's forecast. For 2015, participants expect GDP growth to slow to 2.3%.
Author: Armando Ciccarelli, Head of Data Solutions