Economic activity rose 0.6% from September, more than the 0.2% median estimate of economists surveyed by Bloomberg. Wages in Argentina also grew 4.6% in October from September, surpassing monthly inflation for the seventh straight month after price increases wiped out paychecks earlier in the year. Argentina exited a recession in the third quarter with the recovery driven by capital expenditures, consumer spending, and exports. Mining, finance and agriculture helped drive annual growth in October, while construction and manufacturing posted declines.
December 20, 2024
SOURCE: BNN BLOOMBERG
Argentina’s Economy Expanded Faster Than Expected in October