Argentina's economic activity shrunk 0.3% in November compared with the same month last year, marking the first monthly contraction of 2025, data from Argentina's national statistics agency showed on Wednesday.
The figure for Latin America's third-largest economy was below the 1.7% figure predicted by analysts polled by Reuters, and well below the 3.2% recorded in October.
Five of the sectors that make up the monthly economic activity indicator (EMAE) posted annual declines, led by fishing which fell 25%, while manufacturing slid 8.2%, wholesale and retail commerce declined 6.4% and construction fell 2.3%.
"Despite November's disappointing data, the outlook for 2026 is positive," said consulting firm Orlando Ferreres and Associates, which had estimated 1.6% growth for the month.
Since taking office in late 2023, libertarian President Javier Milei looked to fix the South American's No. 2 economy by boosting exports and slashing public spending. His policies have helped bring down inflation from a peak of nearly 290%.
The data came hours after Milei spoke at the World Economic Forum in Davos, where he blasted socialist governments and spoke in favor of cutting down market regulation.
Last month, Argentina posted a 3.3% expansion in its third quarter gross domestic product. Analysts have predicted 3.5% growth for the last quarter of 2025.
U.S. Central Command said 101 commercial vessels have been redirected in the Strait of Hormuz, while oil prices rose more than three per cent&...
A Russian strike on a farm warehouse in Pryluky, north-central Ukraine, has killed at least three people, local police said. Meanwhile, EU foreign ...
ICT Week Uzbekistan 2026 will bring startups, investors and global technology companies to Tashkent from 22 to 25 September, with venture capital, ...
Maritime trackers received new reports of an attack on a ship in the Strait of Hormuz on Sunday, according to the UK Maritime Trade Operations (UKMTO), adding to concerns about energy supplies after Saudi Arabia shut down a vital oil pipeline on Saturday.
A Kyiv-Warsaw train was struck near the Polish border, Ukraine's state railway firm said on Sunday. No passengers were injured. Ukrainian Railways said that the country's railways were facing systematic attacks for a second day and warned of widespread delays.
Saudi Arabia has temporarily shut down its 1,200-kilometre East-West oil pipeline after it was hit by a drone attack, with Riyadh and Baghdad saying the strike originated from Iraq.
U.S. Central Command said 101 commercial vessels have been redirected in the Strait of Hormuz, while oil prices rose more than three per cent amid fresh regional attacks and supply concerns.
Swedes vote in an election on Sunday (13 September) that could see the far-right enter government for the first time if the country's right-wing parties can form a majority.
Volkswagen’s supervisory board has approved a major overhaul aimed at cutting 100,000 jobs by 2030 as the German carmaker battles weaker sales, falling profits and intensifying global competition.
Chinese Premier Li Qiang has called on American companies to expand their presence in China and pledged that Beijing would address their "reasonable concerns," as China looks to stabilise trade ties with Washington ahead of President Xi Jinping's planned visit to the U.S. later this month
Apple is entering a new era as Tim Cook steps down as chief executive after 15 years at the helm, handing the technology giant's leadership to longtime executive John Ternus.
Volkswagen is heading towards a decisive showdown with labour representatives as Germany's largest carmaker weighs sweeping restructuring measures that could lead to factory closures and tens of thousands of job losses.
Online fast-fashion retailer Shein is seeking to raise up to $1.77 billion in a Hong Kong IPO after its valuation fell around 70 per cent from its private-market peak four years ago.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment