Argentina Economic Outlook
September 13, 2016Argentina’s economy remains in a deep recession according to the latest economic indicators. June’s monthly economic indicator recorded the steepest annual drop since August 2014 due to low commodity prices and negative spillovers from President Mauricio Macri’s policies to cut the budget deficit. Moreover, exports contracted for the second consecutive month in July, mainly due to the recession in Brazil. Against this backdrop, in August, sentiment among households lost the ground gained in July. On a positive note, capital inflows and foreign reserves, which hit a 10-month high in July, have been boosted by a unified exchange rate market and the country’s return to the international credit markets after paying its holdout bondholders, which has in turn created a more reliable investment situation. Reform momentum suffered a setback on 18 August following the Supreme Court’s decision to nullify a hike in gas prices implemented in March, which was intended to slash utility subsidies.
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||15.37||-0.05 %||Sep 29|
|Stock Market||16,743||-0.07 %||Sep 29|
Argentina Economic Growth
September 13, 2016While the new government’s austerity policies to stabilize the economy are hitting short-term growth, they should contribute to a rebound in 2017. Panelists project that GDP will contract 1.3% in 2016, which is down 0.1 percentage points from last month’s Consensus. For 2017, analysts expect the economy to expand 3.0%.
Argentina Economic News
September 30, 2016
In August, industrial production contracted 5.7% over the same month of the previous year, according to the latest data released by the National Statistical Institute (INDEC).
September 28, 2016
In July, the monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Económica) declined 5.9% year-on-year, which was below the 4.7% fall in June and represented the steepest contraction since July 2009.
September 28, 2016
In August, exports expanded 12.0% over the same month last year, which contrasted the 10.8% decrease seen in July and marked the highest reading since May 2013.
September 26, 2016
In August, consumer prices in the greater Buenos Aires capital area increased 0.2% over the previous month, according to recent data published by the National Statistics Institute (INDEC).
September 23, 2016
In September, the Universidad Torcuato di Tella (UTDT) consumer confidence index improved from the previous month’s reading of 42.6 to 43.3.