UPDATE 1-Argentina Feb trade surplus narrower than expected

(Adds details)

BUENOS AIRES, March 23 (BestGrowthStock) – Argentina’s trade
surplus narrowed by a greater-than-expected 53 percent in
February from a year earlier to $604 million, as exports inched
up while imports soared, the government said on Tuesday.

In a Reuters survey the median forecast was for a surplus
of $1.190 billion.

The surplus compared with one of $1.278 billion in February
last year, according to the monthly report from the National
Statistics Institute, or INDEC.

Exports were up 3 percent to $4.060 billion, while imports
jumped 30 percent to $3.456 billion. One of the biggest rises
in exports was in vehicles sold to Brazil.

Quantities of all sorts of imports rose in February from a
year earlier, INDEC said, especially for intermediate goods
such as iron ore, chemicals and flu vaccines.

Capital goods imports also increased, including airplanes
and data processors.
Stock Market

(Reporting by Fiona Ortiz; Editing by James Dalgleish)

UPDATE 1-Argentina Feb trade surplus narrower than expected