Argentina: Economic activity rebounds in January
The monthly indicator for economic activity (EMAE) rose 2.9% year on year in January (December: -1.0% yoy). The notable rebound largely reflected recoveries in the manufacturing and construction sectors. Lastly, activity in the hotels and restaurants sector lost steam, while transport and communications output grew.
On a monthly basis, economic activity increased 0.3% in January, rebounding from December’s 0.9% fall. Meanwhile, the trend pointed down, with the annual average growth of economic activity coming in at 5.1% in January, down from December’s 5.3%.