Argentina Economic Activity


Economic activity expands at slowest pace in four months in July

In July, economic activity expanded a working-day adjusted 5.1% over the same month last year, which represents the lowest print tallied in four months. The reading marks a deceleration over the 6.9% increase recorded in June.

On month-on-month basis, economic activity fell 1.2% in seasonally-adjusted terms, which was worse than the 0.6% contraction observed in June. Meanwhile, annual average growth in economic activity edged up from 3.6% in June to 3.8% in July.

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, panel 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 July 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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