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Financial News: ARGENTINA: GDP Increases 0.3% In The First Quarter

ARGENTINA: GDP Increases 0.3% In The First Quarter From A Year Before

06/22/2017 - 08:50:00 (RTTNews)

(RTTNews) - Argentina's Gross Domestic Product (GDP) rose 0.3% in the first quarter compared to a year earlier. It was the best performance since the first quarter of 2016 when the GDP grew 0.6% from the same quarter in 2015, according to the national statistics office.

Demand in Argentina increased 1.2% in the first quarter from a year before, boosted by a 3% rise in investments - the highest rate since the fourth quarter of 2015. Private demand was 0.9% higher, while public expenditure was up 1.0%. Supply in Argentina also increased by 1.2%.

Compared to the fourth quarter of 2016, Argentina's GDP rose 1.1% in the first quarter of this year.

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