Economic activity fell 0.9% year-on-year in November, and 1.4% in the seasonally adjusted measurement compared to October 2023, INDEC said.
Economic activity fell 0.9% year-on-year in November, and recorded the largest month-on-month contraction since last April, The National Institute of Statistics and Censuses (INDEC) reported this Tuesday.
The Monthly Estimator of Economic Activity (EMAE) also fell 1.4% in the seasonally adjusted measurement compared to October 2023INDEC noted.
The EMAE is considered a key indicator since it anticipates the trend of the country’s Gross Domestic Product (GDP).
IN DEVELOPMENT…
Source: Ambito
