BUENOS AIRES -(Dow Jones)- Argentina's economy appears to be on track to expand only slightly if at all over the next three to six months, according to the closely watched monthly leading indicator published by Torcuato Di Tella University.
The odds that the economy will expand rose to 80% from 74% in October, said UTDT, as the university is known.
"This evidence suggests that the Argentine economy will continue with low or zero growth in the first months of 2013," the university said Tuesday in its monthly report.
UTDT's leading indicator is conceptually similar to the Conference Board index in the U.S., which tries to predict turning points in the economy.
After growing 8.9% in 2011, according to official data, Argentina's economy expanded just 1.9% last year due to currency controls, restrictions on imports and soft demand for Argentine goods in Brazil.
UTDT's leading indicator rose 7.4% on the month, to 192.50 in January, but fell 4.4% on the year.
UTDT's diffusion index rose to 90%, indicating that nine of the 10 series that constitute the index were in expansion and just one in contraction.
nasdaq.com
The odds that the economy will expand rose to 80% from 74% in October, said UTDT, as the university is known.
"This evidence suggests that the Argentine economy will continue with low or zero growth in the first months of 2013," the university said Tuesday in its monthly report.
UTDT's leading indicator is conceptually similar to the Conference Board index in the U.S., which tries to predict turning points in the economy.
After growing 8.9% in 2011, according to official data, Argentina's economy expanded just 1.9% last year due to currency controls, restrictions on imports and soft demand for Argentine goods in Brazil.
UTDT's leading indicator rose 7.4% on the month, to 192.50 in January, but fell 4.4% on the year.
UTDT's diffusion index rose to 90%, indicating that nine of the 10 series that constitute the index were in expansion and just one in contraction.
nasdaq.com
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