Key facts
- Argentina's economic activity grew 3.5% month-over-month in March.
- Year-over-year economic activity in Argentina rose 5.5% in March.
- First-quarter economic activity expanded 0.3% quarter-over-quarter.
- First-quarter economic activity expanded 1.7% year-over-year.
- Growth was led by agriculture, fishing, mining, and financial intermediation.
Argentina's economic activity showed a notable increase in March, growing by 3.5% month-over-month and 5.5% year-over-year, exceeding initial projections. Preliminary data for the first quarter of the year indicates that economic activity expanded by 0.3% compared to the previous quarter and by 1.7% compared to the same period last year. The sectors driving this growth include agriculture, fishing, mining, and financial intermediation. However, manufacturing, construction, domestic trade, and services sectors continue to exhibit softer performance.