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November 26, 2014
Thursday, July 24, 2014

Economic activity drops 0.2% in May

Argentine economic activity fell 0.2 percent in May compared to the same month last year according to the Monthly Economic Activity Estimator (EMAE), published by state-run INDEC statistics bureau.

The figure is better than the expected by the market, as private analysts had forecasted a 1.3% fall for May.

This is the third consecutive month that registers a decrease in the EMAE.

Meanwhile, compared to April 2014, May experimented a 0.5% increase in economic activity.

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Tags:  Economic activity  drops  May  INDEC  





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