In July, the monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Economica) added 7.7% over the same month the previous year. The figure was down from the 9.3% increase recorded in June, but broadly in line with market analysts' expectations of a 7.6% rise. A month-on-month comparison, however, paints a more subdued picture than the annual figures, as the economy contracted 1.22% over the previous month in seasonally adjusted terms, in contrast to the 0.41% increase recorded in June. Moreover, the trend deteriorated, with annual average growth in economic activity inching down from 9.2% in June to 9.1% in July.
Economic activity moderates in July
September 23, 2011
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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 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 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 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).