Economic activity dropped 4.3% in January compared to the same month in 2023, according to Indec. This is the third month in a row the economy has fallen, after registering drops of 0.9% and 4.9% in November and December of 2023, the latter being the worst fall in the second semester of last year. Compared to the seasonally adjusted measurement, the January EMAE contracted 1.2%. Only five economic sectors grew in January (compared to December). The standouts were agriculture, livestock, hunting, and forestry (an 11.1% increase YoY), as well as mining and quarrying (5.2%).
March 27, 2024
SOURCE: BUENOS AIRES HERALD
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