The skyline in Argentina

Argentina Economic Activity October 2018

Argentina: Contraction in economic activity softens in October

The monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Económica) contracted 4.0% in annual terms in October, a softer drop than the revised 6.1% fall recorded in September (previously reported: -5.8% year-on-year). The reading marked the seventh consecutive month of decline in year-on-year terms.

October’s contraction again came mainly on the back of significant falls in the manufacturing; wholesale and retail sale; transport; and communication sectors. However, the performances of the aforementioned sectors were less negative than seen in the previous month. Moreover, growth in the agricultural sector accelerated somewhat, while the pace of expansion in the fishing sector surged compared to September.

A month-on-month comparison showed that economic activity rebounded 0.9% in seasonally-adjusted terms in October, from September’s revised 2.1% drop (previously reported: -1.9% month-on-month). Finally, the annual average variation in economic activity was equal to a 0.7% contraction in October, contrasting a 0.1% increase in September.

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