Argentina's Sept trade surplus narrows to $404 mln year-on-year

miércoles 22 de octubre de 2014 15:08 GYT
 

BUENOS AIRES Oct 22 (Reuters) - Argentina's trade surplus narrowed 44 percent in September from the same month a year earlier to $404 million, the government said on Wednesday, missing even the lowest forecast in a Reuters poll.

The median forecast in a Reuters poll of 8 analysts was for a surplus of $849 million. Projections ranged from $425 million to $1.1 billion.

President Cristina Fernandez's government relies on the surplus to boost dollar supplies on the tightly-controlled currency market. Foreign reserves have fallen to eight-year lows this year.

Argentina posted a trade surplus of $899 million in August. (Reporting by Sarah Marsh; editing by Richard Lough and Diane Craft)