Argentina economic activity grows less than expected in April

BUENOS AIRES, June 29 (Reuters) - Argentina's economic activity grew less than expected ‌in April, official data showed ‌on Monday, as gains in mining and agriculture ​were partly offset by weakness in manufacturing and commerce.

The 1.6% increase in Latin America's third-largest economy fell short of ‌the 2.2% growth ⁠projected by analysts polled by Reuters and slowed from the ⁠6.2% rise recorded in March.

April's growth was driven primarily by agriculture, livestock, hunting ​and forestry, ​as well ​as mining and quarrying, ‌INDEC said.

Eight of the sectors tracked by the monthly economic activity indicator recorded contractions from a year earlier, led by fishing, while manufacturing and wholesale ‌and retail trade also ​declined.

The April reading points ​to a ​still-uneven recovery under libertarian President ‌Javier Milei, whose government ​has sharply ​cut public spending to curb inflation while seeking to revive growth in ​industry, ‌consumption and construction.

(Reporting by Hernan Nessi ​and Kylie Madry; Writing and editing ​by Fabiola Aramburo)

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