Argentina Economic Activity April 2022

Argentina

Argentina: Economic activity growth accelerates in April

July 1, 2022

The monthly indicator for economic activity (EMAE) grew 5.1% year-on-year in April (March: +4.8% yoy). The most pronounced increases were recorded in the fishing, mining and quarrying and hotels and restaurants sectors.

On a monthly basis, economic activity increased 0.6% in April, contrasting March’s 0.7% decrease. Meanwhile, the trend weakened, with the annual average growth in economic activity coming in at 9.3%, following March's 11.3%.

FocusEconomics analysts see the economy growing 2.2% in 2022, unchanged from the previous month’s forecast. In 2023, analysts see GDP expanding 2.1%.


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