The skyline in Argentina

Argentina Economic Activity May 2023

Argentina: Economic activity deteriorates in May

The monthly indicator for economic activity (EMAE) dropped 5.5% year on year in May (April: -4.4% yoy). The figure marked the worst reading since October 2020. May’s sharper drop was partly driven by a sharper contraction in the agriculture sector. In addition, the manufacturing sector weakened. Lastly, activity in the hotels and restaurants sector lost pace, while transport and communications production fell at a softer pace than in April.

On a monthly basis, economic activity decreased 0.1% in May, a softer contraction than April’s 1.8% fall. Meanwhile, the trend pointed down, with the annual average growth of economic activity coming in at 1.9% in May, down from April’s 3.0%.

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