In the third quarter of 2022, it shows the preliminary estimate of gross domestic product (GDP). a growth of 5.9% compared to the same period of the previous year.
The seasonally adjusted GDP of the third quarter, compared to the second, shows a change of 1.7%.
With these indicators, the economy is slowing down: it started the first quarter with an increase in production of 6%, it fell to 7.1% in the second and it is now below 6%.
so far this year accumulates a 6.4% increase. The data that has emerged so far for activity in October, November and December show a more marked slowdown which suggests that the year will close with a 5.5% GDP expansion.
For 2023, while the Government is keen to achieve growth above 4%, private advisers have cut their forecasts downwards. In Latin Focus, the average of the measurements shows an increase of only 0.7%.
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Official information says that imports grew by 21% year-on-year in the third quarter.
A 14.0% increase in gross fixed capital formation was observed in global demand, private consumption grew by 10.2%exports of real goods and services recorded a drop of 4.6% and public consumption decreased by 0.1%.
In seasonally adjusted terms, compared to the second quarter of 2022, imports grew by 2.0%, private consumption increased by 1.4%, public consumption decreased by 1.7%, exports decreased by 3.7% and gross fixed investments decreased by 0.8%. .
Gross fixed investments, according to preliminary estimates, achieved in the third quarter of 2022, a growth of 14.0% compared to the same period of the previous year.
This increase is due to the growth of 5.6% in construction investments, 12.0% in other construction, 22.1% in machinery and equipment and 13.3% in construction equipment.
Within machinery and equipment, the domestic component increased by 12.4% and the imported one by 29.7%. In means of transport, the domestic component increased by 18.4% and the imported one decreased by 3.0%.
AQ
Source: Clarin
