Argentina - MoneyRecent data suggest that the positive momentum in Argentina’s economy carried over from Q1 into Q2. In June, economic activity accelerated for the fifth straight month and consumer confidence sustained the upward trend that has been in place since the beginning of 2015 in August. Nevertheless, exports continued to record double-digit contractions mainly reflecting a slowdown in China and lower commodity prices. Following Daniel Scioli’s win in the primary presidential elections last month, recent opinion polls show that voter preferences have not changed much ahead of the 25 October elections. Scioli has pledged to continue the current government’s popular welfare programs while also promising gradual reforms towards more open markets. Adding to that, dwindling reserves will likely prompt the next government to seek a deal with the holdouts in order to regain access to international capital markets.
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||9.45||0.08 %||Oct 06|
|Stock Market||10,695||1.62 %||Oct 06|
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September 25, 2015
Economic activity in July increased 2.7% over the same month last year, which was a slight deterioration over the 2.8% increase seen in the previous month.
September 24, 2015
The Universidad Torcuato di Tella (UTDT) consumer confidence index dropped from 56.8 in August to 54.6 in September, which marked the lowest level since April 2015.
September 24, 2015
In August, industrial production increased 0.5% over the same month last year.
September 22, 2015
In August, exports declined 16.0% over the same month last year, which represented a steeper contraction compared to the 12.3% drop seen in the previous month.
September 18, 2015
In the second quarter, GDP expanded 2.3% over the same quarter of the previous year, according to data released by the National Statistics Institute (INDEC) on 18 September.