From Buenos Aires Times · Manuela Tobias, Bloomberg · · 1m 10s
Argentina's Economy Sluggish
Argentina's economy shows technical recession signs as August growth lags.
In brief
Argentina's economy shows technical recession signs as August growth lags. Argentina's economy is expected to enter a technical recession after August's weak growth fails to offset July's steep decline. Originally reported by Buenos Aires Times.
Argentina's Economy
Argentina's economy is on track to enter a technical recession after a lukewarm recovery in August failed to make up for steeper losses in July.
August Construction and Manufacturing
Construction activity grew 0.4 percent in August on a monthly basis, barely enough to cover the 4.4 percent fall in July.
Manufacturing Performance
Manufacturing posted a 1.9 percent monthly bump after a 5.1 percent fall in July.
Key Economic Indicators
The two sectors employ the largest share of formal workers in Argentina, making them key indicators for the real economy.
Central Bank Projection
Argentina is expected to have fallen into a technical recession in the third quarter, according to the central bank’s market survey.
GDP Decline
Analysts estimated that gross domestic product fell one percent from July through September compared to the previous three months.
Here's the gist
Argentina's economy is expected to enter a technical recession after August's weak growth fails to offset July's steep decline.
