Argentina - MoneyIn Q2, Argentina’s economy gained some strength on the back of a surge in government spending, but latest data show that the economy likely decelerated in Q3. Economic activity lost steam in August and industrial production barely increased in September. The country held presidential elections on 25 October, but no candidate emerged triumphant as no one was able to surpass the 45% vote threshold. As a result, a runoff between Daniel Scioli—the candidate from the ruling left-wing Front for Victory party—and Mauricio Macri—the representative of the conservative Let’s Change coalition—will be held on 22 November. Despite their different proposed approaches, the two candidates agree that gaining access to international capital markets is key to improving the country’s growth trajectory and fiscal stance. Expectations that the incoming government will devalue the currency soon are weighing on foreign reserves as the Central Bank tries to counteract excess demand for the U.S. dollar.
Argentina - Money Data
|Money (annual variation in %)||34.6||29.8||38.4||25.7||28.9|
5 years of economic forecasts for more than 30 economic indicators.
Argentina Money Chart
Source: Argentina Central Bank and FocusEconomics calculations.
|Bond Yield||6.69||0.15 %||Dec 17|
|Exchange Rate||9.68||0.01 %||Nov 25|
|Stock Market||12,850||-4.06 %||Nov 25|
See all the data and analysis available in each of our Regional and Country reports.
November 24, 2015
In October, exports declined 12.8% over the same month last year, which represented a stronger contraction compared to the 6.7% drop seen in the previous month.
November 20, 2015
Economic activity in September increased 2.8% over the same month last year, which was an improvement over the 2.6% rise seen in the previous month and marked the fastest increase on record. Economic activity in September was unchanged over the previous month in seasonally-adjusted terms, which came in above the 0.20% decrease seen in August. As a result of the national statistical institute’s change to the base year of the index from 1993 to 2004 in March 2014, the index brings the official estimates closer to the independent estimates that local private analysts produce, which have traditionally pointed to lower growth compared to official sources.
November 19, 2015
The Universidad Torcuato di Tella (UTDT) consumer confidence index soared from 57.0 in October to 60.4 in November, which marked the highest level since January 2007.
November 13, 2015
Consumer prices in October increased 1.1% over the previous month, according to the inflation index elaborated by the National Statistics Institute (INDEC).
November 6, 2015
In September, exports declined 6.7% over the same month last year, which represented a milder contraction compared to the 16.0% drop seen in the previous month.