Argentina says July trade surplus $803 mln, misses forecasts

viernes 22 de agosto de 2014 15:10 GYT
 

BUENOS AIRES Aug 22 (Reuters) - Argentina's trade surplus rose 114 percent in July from the same month a year earlier to $803 million, the government said on Friday, missing market expectations.

Analysts polled by Reuters expected a trade surplus of $900 million. Prior to the publication of the data, they said they expected a strong rise mainly due to a low surplus last year.

Economists say the surplus in the previous month had risen mainly due to restrictions on imports, meaning it was not necessarily a sign of a healthy economy. (Reporting by Juliana Castilla; Writing by Sarah Marsh; Editing by Diane Craft)