BUENOS AIRES, July 16 (Reuters) - Argentina's economic
activity likely rose 6.1 percent in May from a year ago thanks
to strong performance in the construction and auto sectors, a
Reuters poll showed on Tuesday.
The survey of nine analysts yielded estimates ranging from 4
percent to 7.6 percent growth, with a median of forecasts at 6.1
percent growth in the monthly EMAE economic activity index , which is a close proxy for gross domestic product.
Latin America's No. 3 economy grew just 1.9 percent in 2012
compared with 8.9 percent growth in 2011, hurt by weak global
demand for its exports, a poor grains harvest, high inflation
and the negative impact of currency and trade controls on
Analysts from BNP Paribas said in a daily research report
they expect second-quarter growth to pick up from 2012, helped
by a better agricultural harvest, a recovery in construction
activity and an improved performance by the auto sector, which
has been the main driver of industrial production in 2013.
Argentina's industrial production rose an unexpectedly
strong 5.2 percent in May from a year earlier, its
best performance in nearly two years thanks to a rebound in
The most recently released economic activity data, for
April, showed a jump of 7 percent from a year earlier, well
above the 4.1 percent predicted by analysts in a Reuters poll.
Economic activity edged 0.5 percent higher compared with March.
Argentina will release May economic activity data on Friday
at around 1900 GMT.
The country is widely accused of manipulating inflation data
and, to a lesser extent, growth data. It faces potential
sanctions by the International Monetary Fund, which has issued a
'declaration of censure' against Argentina over the quality of
its inflation and GDP data.
(Reporting by Juliana Castilla; Writing by Caroline Stauffer;
Editing by Chris Reese)
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