Argentina Economic Activity Falls 1.4 Percent
Argentinas economic activity fell 1.4 percent in July compared to the previous year, missing analyst expectations and dropping sharply from June. Eight of fifteen tracked sectors recorded declines, led by retail trade and manufacturing.
Argentina's economic activity fell 1.4% in July compared to the same month last year, missing analyst forecasts of 1.8% growth. The contraction follows a 2.7% expansion recorded in June. The sharp slowdown highlights the economic toll of aggressive fiscal austerity measures implemented by the government.
