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.

洞察:
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
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