Unemployment in Argentina
Argentina - UnemploymentThe economic recovery is firming up, with recently released data showing that GDP expanded on an annual basis in Q1 after three quarters of sizeable drops. The expansion was underpinned by a turnaround in private consumption—despite rising unemployment—and fixed investment. The latest economic indicators tend to corroborate this brighter picture; economic activity expanded again in April and exports continued to rise in May, albeit modestly, while industrial production rebounded vigorously in the same month, on the back of strong external demand for food products and a jump in output in the automobile industry. However, households maintain a wait-and-see approach amid a slower-than-desired economic rebound, as signaled by June’s disappointing consumer confidence figure. In a bid to reaffirm the country’s rehabilitation in the financial markets, the government sold USD-denominated 2.75 billion of 100-year bonds in June. The government has affirmed it is on course to meet its fiscal targets, although the fiscal deficit in H1 was amply financed by a sustained expansion in the monetary base.
Argentina - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Argentina Unemployment Chart
Source: National Statistical Institute (INDEC).
|Bond Yield||6.69||0.15 %||Dec 17|
|Exchange Rate||17.18||1.52 %||Jul 18|
|Stock Market||21,046||-1.17 %||Jul 18|
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July 18, 2017
According to the National Statistics Institute (INDEC), consumer prices in the Greater Buenos Aires capital area rose 1.4% in June from the previous month, marginally up from May’s 1.3% increase.
June 30, 2017
In May, industrial production jumped 2.7% over the same month last year, according to the latest data released by the National Statistical Institute (INDEC).
June 29, 2017
In April, the monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Económica) rose 0.6% year-on-year, below March’s revised 1.3% expansion (previously reported: +0.8% yoy).
June 23, 2017
In June, the Universidad Torcuato di Tella (UTDT) consumer confidence index fell from May’s 45.8 to 42.0.
June 23, 2017
In May, exports expanded a meager 0.8% from the same month last year, which followed April’s revised 1.8% increase (previously reported: +1.7 year-on-year).