IUX24
TopMarketWorldEconomyFinanceTechnologyBusinessPoliticsAnalysis & Opinion

Argentina Economic Activity Unexpectedly Contracts in November

Argentina's economic activity fell 0.3 percent in November 2024, missing growth targets. This marks the first contraction of 2025 for the nation's economy.

Insights:
Argentina's ARAR national statistics agency (INDEC) released November 2024 economic activity data showing a 0.3% year-over-year contraction. This figure came in well below the analyst consensus of 1.7% growth and marks the first monthly contraction of 2025. The Monthly Economic Activity Indicator (EMAE) highlights a reversal in momentum compared to previous months.
A woman walks past a clothing store in Buenos Aires, Argentina, on January 4, 2024, as the country faces annual inflation heading towards 200%. REUTERS/Agustin Marcarian
A woman walks past a clothing store in Buenos Aires, Argentina, on January 4, 2024, as the country faces annual inflation heading towards 200%. REUTERS/Agustin Marcarian
IUX24

IUX24 AI-powered financial news and market intelligence. Think and act like smart money.

IFZA Properties, Dubai Silicon Oasis, DSO-IFZA, Dubai, United Arab Emirates

Copyright IUX24 MEDIA - FZCO. All rights reserved.

Powered by AI • Made with precision

IUX24 is an information and analytics platform providing news, market data, analytical tools, and AI-powered features for informational and educational purposes. The Services and information provided do not constitute investment advice, trading signals, or brokerage services. Investing involves risk, and Users should carefully evaluate information before making investment decisions.