trending Market Intelligence /marketintelligence/en/news-insights/trending/JIcIBE9kDn5WCUpBWJ3--g2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Argentina's GDP falls 1.7% in Q3

Blog

Banking Essentials Newsletter - February Edition, Part 2

Blog

Street Talk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Podcasts

StreetTalk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Blog

The Evolution of ESG Factors in Credit Risk Assessment: Environmental Issues


Argentina's GDP falls 1.7% in Q3

Argentina's GDP shrank 1.7% year over year in the third quarter of 2019, according to preliminary data published Dec. 17 by statistics agency Indec, marking the country's fifth consecutive quarter without growth.

The year-over-year decrease in economic activity between July and September follows a stagnant second quarter, with a 0% variation, while the first quarter of 2019 saw GDP fall sharply by 5.8%. The third quarter's seasonally adjusted GDP also posted a 0.9% decline compared to the linked quarter.

Private consumption fell 4.9% while public consumption dropped 0.9%, year over year. Gross fixed capital formation also slipped 10.2%, while exports of real goods and services increased by 14.2%.

The agriculture, livestock, hunting and forestry sector posted the largest growth at 12.2%, while the mining and quarry sector gained 3%. The manufacturing and financial intermediation sectors were among the worst performers, posting 4.7% and 14.2% decreases, respectively.