In December, the monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Economica) added 5.5% over the same month the previous year. The figure was down both from the 7.6% increase recorded in November and market expectations of a 7.0% rise. In fact, the result marked the lowest reading since January 2010. A month-on-month comparison paints an even bleaker picture than the annual figures, as the economy contracted a seasonally adjusted 0.20% over the previous month, which contrasted the 0.86% increase in November. Based on monthly economic activity figures, the economy expanded 8.8% in 2011, which follows a strong 9.2% expansion in 2010.
Economic activity moderates further in December
February 17, 2012
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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).