Argentina Economic Outlook
June 13, 2017The economic recovery seems to be underway, although it remains shaky, as the economy is still struggling to shrug off the significant economic distortions inherited from the previous administration. Economic activity returned to growth in March after February’s contraction, mainly thanks to expansions in the construction, financial and agricultural sectors, and construction activity continued to grow healthily in April. Nevertheless, consumers grew slightly more pessimistic in May due to a worsening perception of the macroeconomic situation, with inflation remaining stubbornly high and the economy taking longer than expected to pick itself up. The weakness in the external sector observed in Q1 persisted at the start of the second quarter, with export growth decelerating and imports jumping in April, likely due to the effects of a strong peso. However, the appreciation of the currency came to an abrupt halt in May after the foreign exchange market was shaken by surging political instability in Brazil, causing the Central Bank to stop U.S. dollar purchases.
Argentina Economy Data
5 years of Argentina economic forecasts for more than 30 economic indicators.
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|Bond Yield||6.69||0.15 %||Dec 17|
|Exchange Rate||16.05||0.45 %||Jun 16|
|Stock Market||21,291||1.34 %||Jun 16|
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Argentina Economic Growth
June 13, 2017The economy should return to growth this year, as it reaps the fruits of the reforms implemented by the Macri administration. Fixed investment should benefit from an improved business environment and the liberalization of capital controls, as well as from stronger public infrastructure spending, while private consumption will be underpinned by slowing inflation and recovering confidence. Analysts foresee the economy expanding 2.6% this year, down 0.1 percentage points from last month’s forecast, and 2.8% in 2018.
Argentina Economic News
June 23, 2017
In June, the Universidad Torcuato di Tella (UTDT) consumer confidence index fell from May’s 45.8 to 42.0.
June 23, 2017
In May, exports expanded a meager 0.8% from the same month last year, which followed April’s revised 1.8% increase (previously reported: +1.7 year-on-year).
June 22, 2017
Argentina’s economy seems to have turned a corner, registering a 0.3% annual expansion in Q1.
June 12, 2017
According to the National Statistics Institute (INDEC), consumer prices in the Greater Buenos Aires capital area rose 1.3% in May from the previous month, half April’s 2.6% increase and below market expectations of a 1.7% rise.
May 31, 2017
In April, industrial production in Argentina contracted 2.3% over the same month last year, according to the latest data released by the National Statistical Institute (INDEC).