Argentina - MoneyArgentina’s economy accelerated in the first quarter and GDP growth more than doubled the previous quarter’s expansion. More recent data show that the positive momentum has likely been carried over into the second quarter. Economic activity picked up in May as the government speeds up spending ahead of the October elections and industrial production recorded the first expansion in nearly two years in June due to a rebound in the automobile industry. Against the backdrop of a better economic outlook and more confident consumers, Argentinians headed to the mandatory primary elections on 9 August. Official results show that the Front for Victory’s candidate Daniel Scioli leads with nearly 39% of the vote, while the head of the opposition, Mauricio Macri, managed to gain 31% of the vote. These tight results, which are seen as the most accurate indicator of who is better positioned to succeed President Cristina Kirchner, suggest a second-round vote will likely be necessary after the main election is held later this year.
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||9.27||0.08 %||Aug 24|
|Stock Market||9,778||-0.56 %||Aug 25|
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August 26, 2015
In July, industrial production increased 0.6% over the same month last year.
August 24, 2015
In July, exports declined 12.3% over the same month last year, which represented a smaller contraction compared to the 14.0% drop seen in the previous month.
August 24, 2015
The Universidad Torcuato di Tella (UTDT) consumer confidence index increased from 56.1 in July to 56.8 in August, which marked the highest level since January 2012.
August 21, 2015
Economic activity in June increased 3.8% over the same month last year, which was an improvement over the 2.2% increase seen in the previous month.
August 14, 2015
Consumer prices in July increased 1.3% over the previous month, according to the inflation index elaborated by the National Statistics Institute (INDEC).