Argentina: Economic activity growth softens in September
The monthly indicator for economic activity (EMAE) grew 11.6% year-on-year in September (August: +12.8% yoy). The most pronounced increases were recorded in the transport, restaurants and hotels and construction sectors.
On a monthly basis, economic activity rose 1.4% in September, following August’s 1.4% increase. Meanwhile, the trend improved notably, with the annual average growth in economic activity coming in at 7.3%, following August’s 5.8%.