Argentina Economic Activity


Economic activity moderates further in December

In December, the monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Economica) expanded 1.1% over the same month the previous year. The figure was below the 1.8% increase seen in November, but marked a third consecutive positive reading.

On a monthly basis, the economy expanded a seasonally adjusted 0.38% over the previous month, a notch down from the 0.39% increase seen in November. Based on monthly economic activity figures, the economy expanded 1.9% in 2012, which was in line with LatinFocus Consensus Forecast expectations and marked a strong deceleration compared to the 8.9% expansion recorded in 2011.

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Argentina Economic Activity Chart

Argentina Economic Activity December 2012

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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