In May, the monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Economica) contracted 0.5% over the same month last year. The figure contrasted the 0.6% increase recorded in April and marked, in fact, the first contraction since July 2009. A month-on-month comparison, however, does not corroborate the negative picture suggested by the annual figures, as the economy expanded a seasonally adjusted 0.20% over the previous month, which contrasted the 1.31% drop seen in April. Meanwhile, annual average growth in economic activity dropped from 7.0% in April to 6.1% in May, the lowest reading in almost two years.
Economic activity contracts for first time in almost three years
July 20, 2012
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Argentina GDP Chart
Note: Year-on-year changes of GDP in %.
Source: Argentina National Statistical Institute (INDEC) and FocusEconomics Consensus Forecast.
Argentina Economic News
October 4, 2016
At its weekly meeting on 4 October, the Central Bank of the Argentine Republic (BCRA) decided to keep the 35-day Lebac interest rate unchanged at 26.75%, matching the previous week’s decision.
September 30, 2016
In August, industrial production contracted 5.7% over the same month of the previous year, according to the latest data released by the National Statistical Institute (INDEC).
September 28, 2016
In August, exports expanded 12.0% over the same month last year, which contrasted the 10.8% decrease seen in July and marked the highest reading since May 2013.
September 28, 2016
In July, the monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Económica) declined 5.9% year-on-year, which was below the 4.7% fall in June and represented the steepest contraction since July 2009.
September 26, 2016
In August, consumer prices in the greater Buenos Aires capital area increased 0.2% over the previous month, according to recent data published by the National Statistics Institute (INDEC).