BUENOS AIRES, Sept 28 (Reuters) – Argentina’s economic activity rose 11.7% year-on-year in July, the National Institute of Statistics and Censuses (INDEC) said on Tuesday, better than analysts expected.
The Monthly Estimator of Economic Activity (EMAE) of Argentina registered an improvement of 0.8% in the seasonally adjusted measurement compared to June, said the state agency, amid an economy affected by the coronavirus pandemic.
A Reuters poll among specialists expected an average rise of 8.7% year-on-year for the EMAE in the seventh month of the year due to generalized increases in various sectors of the economy.
The EMAE is an indicator that advances the trajectory of GDP, which is why it is considered key by analysts.
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(Reporting by Jorge Iorio; Written by Jorge Otaola; Edited by Walter Bianchi)