Argentina Economic Activity July 2021

Argentina

Argentina: Economic activity growth steady in July

September 29, 2021

The monthly indicator for economic activity (EMAE) grew 11.7% year-on-year in July (June: +11.7% yoy). The most pronounced increases were recorded in the fishing, restaurants and hotels and construction sectors.

On a monthly basis, economic activity rose 0.8% in July, following June’s 2.5% increase which had marked the best result since June 2020. Meanwhile, the trend improved notably, with the annual average growth in economic activity coming in at 3.8%, following June 's 1.8%.

FocusEconomics analysts see the economy growing 4.5% in 2021, unchanged from the previous month’s forecast. In 2022, analysts see GDP expanding 2.6%.


Author: Massimo Bassetti, Senior Economist

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Argentina Economic Activity July 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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