Revising Up Our Growth Forecast

October 2006 | Market Strategy

In line with our expectations, Argentina's economy showed further signs of strength throughout August and September. Industrial production increased by 7.7% y-o-y in September (down from 8.5% y-o-y in 2005) and grew by 0.9% on a monthly basis. The main drivers were the automobile and building material industries, whose production rose by 45.2% y-o-y and 12.8% y-o-y

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