In November, the monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Economica) rose 9.8% over the same month the previous year. The figure was up from the 7.2% increase recorded in October, and beat analyst expectations, which had economic activity expanding 8.0% year-on-year. A month-on-month comparison corroborates the improvement in growth suggested by the annual data. The economy expanded 1.70% over the previous month in seasonally adjusted terms, following on the 0.28% increase recorded in October. The positive result confirms that the economy is gaining momentum. In fact, the trend in economic activity continued to improve, with annual average growth jumping from 8.0% in October to 8.7% in November. That said, in addition to widespread accusations of the underreporting of inflation by the national statistical office (INDEC), official data for economic activity continue to be subject of controversy, with some private analysts estimating economic growth to be far below official figures. The Central Bank sees the economy growing between 3.5% and 6.5% this year, following on estimated growth of 9.0% in 2010.
Economic activity picks up in November
January 21, 2011
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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).