The skyline in Argentina

Argentina Economic Activity February 2019

Argentina: Contraction in economic activity eases further in February

The monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Económica) contracted 4.8% in annual terms in February, a softer drop than the revised 5.8% plunge recorded in January (previously reported: -5.7% year-on-year). The reading marked the tenth consecutive month of decline in year-on-year terms.

February’s relative improvement came mainly on the back of softer contractions in the industrial, construction, and transport sectors. On the other hand, the fishing sector swung from a strong expansion to a sizable contraction in February, while the agricultural sector lost some traction.

A month-on-month comparison showed that economic activity increased 0.2% in seasonally-adjusted terms in February, following January’s 0.6% expansion. Meanwhile, the annual average variation in economic activity worsened from a 3.2% contraction in January to a 4.1% fall in February.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest