Argentina Economic Activity


Economic activity expands at slowest pace in five months

In August, economic activity increased a working-day adjusted 4.0% over the same month last year, which marks the lowest figure in five months. The print came in below the 5.1% increase tallied in July.

Compared to the previous month, economic activity expanded 0.4% in seasonally-adjusted terms, which contrasted the 1.2% drop registered in July. Meanwhile, annual average growth in economic activity rose from 3.8% in July to 4.1% in August.

LatinFocus Consensus Forecast panelists expect GDP to rise 3.7% this year, which is down 0.2 percentage points from last month's forecast. For 2014, participants expect GDP growth to slow to 2.5%, which is down 0.1 percentage points from last month's projection.

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Argentina Economic Activity Chart

Argentina Economic Activity August 2013

Note: Economic activity (EMAE, Estimador Mensual de Actividad Economica), year-on-year changes and annual average growth rate in %.
Source: Argentina National Statistical Institute (INDEC) and FocusEconomics calculations.

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