In August, the monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Economica) added 8.5% over the same month the previous year. The figure came in slightly above the 8.1% increase recorded in July and was in line with market expectations. A month-on-month comparison corroborates the improvement suggested by the annual data, as the economy expanded 0.34% over the previous month in seasonally adjusted terms, contrasting the 0.21% drop recorded in July and marking the first positive result after two months of contracting economic activity. However, in addition to widespread accusations of the underreporting of inflation by the national statistical office (INDEC), official data for economic activity have also become the subject of controversy, with some private analysts estimating economic growth to be far below official figures.
Economic activity picks up in August
October 22, 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).