Economic activity in Argentina contracted 0.9% year-on-year in April, statistics agency Indec said.
The figure is the weakest since February 2017, when a slowdown of 2.1% was reported.
Agricultural sector activity contracted 30.8% in April while activity in all other sectors bar two increased. Financial intermediation was among the strongest, with an increase of 9.4%. Activity was up 10.8% in the fishing sector and 10.2% in construction.
In related news, Argentina's external debt – public and private – rose around US$19.2bn over the first quarter. The increase mainly corresponded to government and central bank debt issuances.
At the end of March, external debt stood at nearly US$254bn, according to Indec data. Some 60% was general government debt while 9% corresponded to the central bank, 3% to deposit-taking entities, 1% to other financial services companies, and 27% non-financial companies, households and non-profit institutions serving households, such as trade unions.