In September, 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 8.6% increase recorded in August but beat market analysts' expectations of a 7.5% rise. A month-on-month comparison corroborates the moderation seen in the annual figures, as the economy expanded 0.31% over the previous month in seasonally adjusted terms, which was down from the 0.62% expansion recorded in August. As a result of the September reading, annual average growth in economic activity inched down from August's 9.1% to 9.0%. Based on the monthly figures, the economy expanded 8.0% in the third quarter of 2011, which is down from the 9.1% expansion recorded in the second quarter. If confirmed by GDP figures released on 16 December, the reading would mark the slowest quarterly growth since the first quarter of 2010.
Economic activity moderates in September
November 18, 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).