In September, the monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Economica) rose 7.8% over the same month the previous year. The figure was down from the 8.5% increase recorded in August, and came in below market expectations, which had economy activity expanding 8.6% year-on-year. A month-on-month comparison corroborates the moderation in growth suggested by the annual data, as the economy expanded 0.17% over the previous month in seasonally adjusted terms, exactly half the 0.34% increase recorded in August. Based on monthly figures, economic activity expanded 8.1% year-on-year in the third quarter, which came in below the 11.8% annual increase recorded in the second quarter. However, in addition to widespread accusations of the underreporting of inflation by the national statistical office (INDEC), official data for economic activity has also become the subject of controversy, with some private analysts estimating economic growth to be far below official figures. The Central Bank sees the economy growing 9.0% this year.
Economic activity moderates in September
November 19, 2010
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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).