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Financial News: ARGENTINA: Economy Grows In August For The Sixth

ARGENTINA: Economy Grows In August For The Sixth Consecutive Month

10/24/2017 - 20:19:00 (RTTNews)

(RTTNews) - The Argentinean economy grew by 4.3% in August 2017 compared to the same month of the previous year, according to the Monthly Economic Activity Estimator (EMAE). Despite recording a slight slowdown compared to the 4.9% growth in July, the Argentinean economy accumulates six consecutive months on the rise.

The branches of activity that contributed the most to the rise were manufacturing activities of mines and quarries.

Regarding the seasonally adjusted indicator, the economy recorded a 0.3% rise, a slowdown compared to the 0.7% posted in the previous month.

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