In February, economic activity expanded 1.3% over the same month of the previous year, which was just below the 1.4% recorded in January. The reading is based on a new calculation methodology-adopted by the national statistical institute in March in response to a request of the International Monetary Fund (IMF)-that shifts the base year of calculation from 1993 to 2004. On a monthly basis, economic activity was flat over the previous month, which represented an improvement compared to January's 0.4% contraction. New figures bring official estimates closer to the independent estimates that local private analysts produce, which have traditionally pointed to lower growth than official sources. That said, a discrepancy between official and non-official figures still exists. LatinFocus Consensus Forecast panelists expect official GDP to experience flat growth this year, which is unchanged from last month's forecast. For 2015, participants expect official GDP to grow 1.1%. Additionally, LatinFocus panelists expect non-official GDP to contract 1.3% in 2014 and to expand a meager 0.9% in 2015.
Argentina Economic Activity
Economic activity slows in February
April 22, 2014
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Argentina Economic News
October 4, 2016
At its weekly meeting on 4 October, the Central Bank of the Argentine Republic (BCRA) decided to keep the 35-day Lebac interest rate unchanged at 26.75%, matching the previous week’s decision.
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).