Argentine Feb industrial output beats expectations

* 11 pct industrial output rise blows past market view

* Car exports to Brazil help keep output healthy

BUENOS AIRES, March 19 (BestGrowthStock) – Argentina’s industrial
production grew 11.0 percent in February compared with the same
month a year earlier, blowing past market expectations, the
national statistics office said on Friday.

The median forecast in a Reuters poll was for a 6.7 percent
increase in output year-on-year.

Argentina’s steel and automotive manufacturing industry has
been bolstered in recent months by strong demands for cars in
neighboring Brazil, where there has been a strong economic
recovery.

Industrial output in Argentina, Latin America’s third
biggest economy, grew 3.4 percent in February compared with
January, according to the government’s seasonally adjusted
data.

Argentine gross domestic product expanded 2.6 percent in
the last three months of 2009 versus growth of 4.1 percent in
the same 2008 period, the National Statistics Institute, or
INDEC, said in a separate release on Friday.

Gross domestic product growth for the whole of 2009 was 0.9
percent compared with a 6.8 percent expansion in calendar
2008.

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(Reporting by Hugh Bronstein; Editing by Padraic Cassidy)

Argentine Feb industrial output beats expectations