Argentina Economic Activity


Economic activity accelerates in September

In September, economic activity increased a working-day adjusted 4.7% over the same month last year. The print came in above the 4.0% expansion observed in August.

Compared to August, economic activity was flat in seasonally-adjusted terms, which represents a deceleration over the 0.3% rise tallied in August. Reflecting the higher print, annual average growth in economic activity rose from 4.1% in August to 4.5% in September.

LatinFocus Consensus Forecast panelists expect GDP to rise 3.7% this year, which is down 0.2 percentage points from last month's forecast. For 2014, participants expect GDP growth to slow to 2.5%, which is down 0.1 percentage points from last month's projection.

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Argentina Economic Activity Chart

Argentina Economic Activity September 2013

Note: Economic activity (EMAE, Estimador Mensual de Actividad Economica), year-on-year changes and annual average growth rate in %.
Source: Argentina National Statistical Institute (INDEC) and FocusEconomics calculations.

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