BUENOS AIRES Dec 27 Argentina's economic
activity grew 3.2 percent in October compared with the same
month last year, the government said on Friday, a result that
came in a bit below market expectations.
Analysts polled by Reuters had expected a 3.5 percent rise
in the monthly EMAE economic activity index, which
is a close proxy for gross domestic product.
The INDEC statistics office also said in a statement that
October economic activity was 0.3 percent lower versus
Argentina's growth slipped in the third quarter from the
previous quarter, the government reported a week earlier along
with other indicators suggesting that Latin America's
third-largest economy may be slowing.
Gross domestic product in the key grains
exporter expanded by 5.5 percent in the third quarter versus the
same 2012 period but shrank 0.2 percent compared with the second
quarter of this year, the INDEC said on Dec. 20.