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MercoPress, en Español

Montevideo, April 24th 2024 - 00:09 UTC

Tag: Monthly economic growth indicator, EMAE

  • Wednesday, July 2nd 2014 - 00:13 UTC

    Data confirms Argentina's economy has slid into recession

    The sharp decline of the auto sector in terms of production, domestic sales and exports was reflected in the contracting EMAE

    Argentina’s economic activity index (EMAE), which is seen as a close proxy of GDP, fell 0.5% in April compared with the same month last year, according to data released by the government's stats office Indec. Nonetheless activity went up 0.6% in April compared to March.

  • Saturday, February 22nd 2014 - 06:28 UTC

    Argentine economy expanded 4.9% last year, according to government data

    Accordingly the Argentine economy has been expanding uninterruptedly since 2003

    The Argentine economy expanded 4.9% last year according to the official stats office Indec 'monthly economic growth indicator', EMAE, which is usually a good anticipation of the final figures. If confirmed Argentina will have grown uninterruptedly since the 2002 crisis, when the major default and melting of the economy.