Argentina: Economic activity growth accelerates in February
The monthly indicator for economic activity (EMAE) grew 9.1% year-on-year in February (January: +5.1% yoy). The most pronounced increases were recorded in the trade, mining and quarrying and hotels and restaurants sectors.
On a monthly basis, economic activity rose 1.8% in February, contrasting January’s 0.7% decrease. Meanwhile, the trend improved, with the annual average growth in economic activity coming in at 12.1%, following January’s 11.1%.