Argentina Economic Activity June 2021


Argentina: Economic activity growth eases in June

August 19, 2021

The monthly indicator for economic activity (EMAE) grew 10.8% year-on-year in June (May: +13.6% yoy).

On a monthly basis, economic activity rose 2.5% in June, contrasting May’s 2.0% fall and marking the best result since June 2020. Meanwhile, the trend improved notably, with the annual average variation of economic activity coming in at plus 1.5%, contrasting May's minus 0.3%.

FocusEconomics analysts see the economy growing 4.5% in 2021, unchanged from the previous month’s forecast. In 2022, analysts see GDP expanding 2.6%.

Author: Massimo Bassetti, Senior Economist

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Argentina Economic Activity Chart

Argentina Economic Activity June 2021

Note: Year-on-year changes and annual average growth rate of monthly economic activity in %.
Source: Argentina National Statistical Institute (INDEC) and FocusEconomics calculations.

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