Argentina Economic Activity May 2022

Argentina

Argentina: Economic activity growth accelerates in May

July 21, 2022

The monthly indicator for economic activity (EMAE) grew 7.4% year-on-year in May (April: +5.4% yoy). The most pronounced increases were recorded in the construction, mining and quarrying and hotels and restaurants sectors.

On a monthly basis, economic activity increased 0.3% in May, following April’s 0.5% decrease. Meanwhile, the trend weakened, with the annual average growth in economic activity coming in at 8.7%, following April's 9.4%.

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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