International Reserves in Argentina
Argentina - International Reserves
Current account surplus narrows in third quarter
The current account recorded a surplus of USD 900 million in the third quarter. The result was lower than the USD 3.2 surplus registered in the second quarter and was also short of the USD 3.7 billion surplus recorded in the third quarter of the previous year. The deterioration compared to the previous quarter was mainly driven by a narrowing trade balance, which fell from a USD 6.0 billion surplus in the second quarter to a USD 3.7 billion surplus in the third. That said, the income balance remained broadly unchanged compared to the previous quarter, which marked a USD 2.5 billion deficit. Meanwhile, the transfer balance deteriorated, dropping from a USD 65 million deficit to a USD 81 million deficit. Finally, while the services balance remained in deficit territory, it improved compared to the previous quarter, recording a USD 281 million deficit, which was up from the USD 320 million deficit recorded in Q2. Despite the positive quarterly reading, the moving annual current account fell from a USD 7.8 billion surplus in the second quarter to a USD 5.1 billion surplus.
Argentina - International Reserves Data
|International Reserves (USD)||43.3||30.6||-||-||-|
5 years of economic forecasts for more than 30 economic indicators.
Source: Argentina Central Bank and FocusEconomics calculations.
|Bond Yield||6.69||0.15 %||Dec 17|
|Exchange Rate||20.20||0.45 %||Apr 20|
|Stock Market||31,162||2.26 %||Apr 20|
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April 13, 2018
According to the National Statistics Institute (INDEC), national consumer prices rose 2.3% over the previous month in March, slightly below February’s 2.4% month-on-month increase.
March 29, 2018
The monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Económica) picked up in January.
March 29, 2018
In February, industrial production expanded 5.3% over the same month last year, according to data released by the National Statistical Institute (INDEC) on 29 March.
March 23, 2018
The Universidad Torcuato di Tella (UTDT) consumer confidence index came in at 43.8 points in March, matching the print observed in February.
March 22, 2018
According to the Statistical Institute (Instituto Nacional de Estadísticas y Censos, INDEC), economic activity in Q4 edged up from a revised 3.8% annual increase (previously reported: +4.2% year-on-year) in Q3 to 3.9%.