Argentina 1Q Growth 8.0%

Argentina’s economic expanded 8.0% in the first quarter of the year, reports the country’s national statistics bureau, INDEC. According to the economy ministry this is the fifth consecutive year of growth, averaging 8.8%, that the country has achieved. The most dynamic sector in the first quarter was shown by services, which showed year-on-year growth of 8.4% and compares with a y-o-y rise of 6.1% of goods. The subsector of financial intermediation stood out as did transport and communications, expanding 19.5% and 13.3%, respectively.