Argentina: Economic activity increases at fastest rate on record in September
November 20, 2015
Economic activity in September increased 2.8% over the same month last year, which was an improvement over the 2.6% rise seen in the previous month and marked the fastest increase on record.
Economic activity in September was unchanged over the previous month in seasonally-adjusted terms, which came in above the 0.20% decrease seen in August.
As a result of the national statistical institute’s change to the base year of the index from 1993 to 2004 in March 2014, the 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 discrepancy between official and non-official figures.
Author: Dirina Mançellari, Senior Economist