Argentina Economic Activity August 2021

Argentina

Argentina: Economic activity growth accelerates in August

October 22, 2021

The monthly indicator for economic activity (EMAE) grew 12.8% year-on-year in August (July: +11.8% yoy). The most pronounced increases were recorded in the fishing, restaurants and hotels and construction sectors.

On a monthly basis, economic activity rose 1.1% in August, following July’s 0.9% increase. Meanwhile, the trend improved notably, with the annual average growth in economic activity coming in at 5.8%, following July 's 3.8%.

FocusEconomics analysts see the economy growing 7.3% in 2021, up 0.4 percentage points from the previous month’s forecast. In 2022, analysts see GDP expanding 2.3%.


Author: Massimo Bassetti, Senior Economist

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Argentina Economic Activity August 2021

Note: Year-on-year changes and annual average growth rate of monthly economic activity in %.
Source: Argentina National Statistical Institute (INDEC) and FocusEconomics calculations.


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