In August, the EMAE registered an increase of 0.3% in the interannual comparison, which implies that it ended a streak of four months with falls, the INDEC reported this day.
The economy ended a four-month streak of declines and rebounded in August
In August, The Monthly Estimator of Economic Activity (EMAE) registered an increase of 0.3% in the interannual comparisonwhich implies that it ended a four-month streak of falls, reported this day by the National Institute of Statistics and Censuses of the Argentine Republic (INDEC).
At the same time, This index advanced 1.3% compared to July in the seasonally adjusted measurement. The trend-cycle indicator rose 0.2%.
In relation to the same month of 2022, eleven sectors of activity that make up the EMAE registered increases in August, among which stand out Exploitation of mines and quarries (+5.1% yoy) and Financial intermediation (+4.2% yoy).
The sector Exploitation of mines and quarries (+5.1% yoy) was, in turn, the one with the greatest positive impact on the interannual variation of the EMAE, followed by Wholesale, retail trade and repairs (+1.3% yoy).
For their part, four sectors of activity recorded falls in the year-on-year comparison, among which stand out Manufacturing industry (-3.5% yoy) and Agriculture, livestock, hunting and forestry (-2.8% yoy). Between them, they subtract 0.7 percentage points from the interannual variation of the EMAE.
Source: Ambito
