PREVIEW-Argentina September trade surplus seen wider

WHAT: Argentina trade balance in September (ARTBAL=ECI: )

WHEN: Friday, Oct 22, at 4 p.m. local time (1900 GMT)

REUTERS FORECAST: $950 million surplus, up 9 percent from
same month a year earlier, according to the median forecast of
nine analysts who took part in the survey. Estimates ranged
from $637 million to $1.55 billion.

FACTORS TO WATCH: Argentina’s trade surplus is expected to
widen year-on-year in September as farm exports pick up despite
persistent import growth due to strong consumer demand. In
August, the trade surplus narrowed 3.6 percent.

Exports are getting a boost thanks to record corn and soy
harvests amid higher commodity prices, and booming car sales to
regional powerhouse Brazil.

Argentina’s trade surplus widened 35 percent in 2009 to
$16.9 billion as imports plunged due to the global economic
downturn.

MARKET IMPACT: A healthy trade surplus allows the
government to accumulate foreign currency (Read more about trading foreign currency. reserves, which it
plans to tap next year to pay debt.

LINKS: Argentina’s bureau of statistics website:
http://www.indec.gov.ar/

For historical Argentine statistical data in Spanish,
please see pages (ARECI09: ) through (ARECI14: )

To see a calendar of Argentine economic indicators please
click on (ECONAR: ) or type in ECONAR on a quote page and press
enter.

For separate pages detailing Argentine analysts’ economic
forecasts, click on: (ARECI05: ) (ARECI06: ) (ARECI07: ) (ARECI08: )
(Reporting by Walter Bianchi and Jorge Otaola; Writing by
Helen Popper)
([email protected]; +54 11 4318 0655; Reuters
Messaging: [email protected]))

PREVIEW-Argentina September trade surplus seen wider