Argentina Economic Activity


Economic activity moderates further in September

In September, the monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Economica) expanded 0.2% over the same month last year. The figure was below the 1.4% increase seen in August, but marked the third rise in a row following two consecutive negative readings. On a monthly basis, the economy expanded a seasonally adjusted 0.25% over the previous month, which represents an improvement compared to the 0.10% increase seen in August. Nevertheless, as a result of the subdued annual expansion, the trend deteriorated, with the annual average growth in economic activity dropping from 4.1% in August to 3.4% in September.

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Argentina Economic Activity Chart

Argentina Economic Activity September 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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