Economics
Argentina Posts Sixth Straight Month of Growth Post Covid Plunge
- Economic activity rose 1.9% in October; fell 7.4% year on year
- All industries except financial intermediation fell from 2019
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Argentina’s economy continued to recover slowly from its historic Covid-19 plunge earlier this year, posting the sixth straight month of growth.
Economic activity rose 1.9% in October, but declined 7.4% from the same month a year ago, according to government data published Wednesday. Growth slowed from the previous month, which was revised up to 2.1% on a monthly basis. In October, all categories except financial intermediation registered annual declines, though construction and manufacturing have recovered close to pre-pandemic levels.