Argentina: Economic activity growth accelerates in November
The monthly indicator for economic activity (EMAE) grew 9.3% year-on-year in November (October: +6.7% yoy). The most pronounced increases were recorded in the restaurant and hotels and transport and communication sectors.
On a monthly basis, economic activity grew 1.7% in November, following October’s 0.9% decrease. Meanwhile, the trend improved, with the annual average growth in economic activity coming in at 9.5%, following October’s 8.4%.