The GDP grew 1% in the second quarter and accumulated 6 consecutive increases

The GDP grew 1% in the second quarter and accumulated 6 consecutive increases

Among the components of demand, he highlighted that the greatest increase was observed in gross fixed capital formation, with 18.8% year-on-year. On the activity sectors side, the increases in Hotels and restaurants (53.9% year-on-year), Fishing (24.1% year-on-year) and Exploitation of mines and quarries (15.5% year-on-year) stood out.

According to INDEC, the macroeconomic evolution of the second quarter of 2022 determined, according to preliminary estimates, a variation in global supply, measured at 2004 prices, of 9.9% with respect to the same period of the previous year, due to a growth of 6.9% of the GDP and a variation of 23.1% in imports of real goods and services.

He further noted that in global demand, an increase of 18.8% was observed in gross fixed capital formation, private consumption grew 10.7%, exports of real goods and services registered an increase of 9.3% and public consumption rose 5.3%.

He added that in seasonally adjusted terms, with respect to the first quarter of 2022, imports grew 2.9%, private consumption registered an increase of 1.8%, public consumption rose 0.2%, exports grew 3.5% and gross fixed capital formation had an increase of 7.8%.

News in development…

Source: Ambito

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