The skyline in Argentina

Argentina Economic Activity May 2019

Argentina: Economic activity expands for the first time in over a year, dazzling markets

The monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Económica) increased 2.6% in annual terms in May, contrasting the 1.3% fall recorded in April. The reading represents the best result since February 2018 and surprised markets sharply on the upside.

May’s result saw broad-based improvements, and came largely on the back of a stronger jump in output in the agriculture, hunting and forestry sector, which surged by almost 50%. Moreover, growth in the mining and quarrying sector picked-up, while most of the remaining sectors recorded less severe contractions compared with the previous month. On the other hand, the financial intermediation sector contracted at a sharper pace.

A month-on-month comparison showed that economic activity rose 0.2% in seasonally-adjusted terms in May, following April’s 0.9% jump. Meanwhile, the annual average variation in economic activity improved from a 4.9% contraction in April to a 4.3% fall in May.

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