Argentina's Economy: August Dip Outperforms Expectations

In August, Argentina experienced a 3.8% decline in economic activity compared to the previous year. Despite being the third consecutive month of contraction, the reduction was less severe than the 4.9% predicted by analysts. The national statistics agency released this data on Wednesday.

Argentina's economic activity saw a 3.8% decline in August from the previous year, according to data released by the country's official statistics agency on Wednesday.

This marks the third consecutive month of contraction for the nation. However, the decline was not as drastic as the 4.9% drop projected by analysts in a Reuters survey.

(With inputs from agencies.)