Argentina Economic Activity July 2022


Argentina: Economic activity growth slows in July

September 28, 2022

The monthly indicator for economic activity (EMAE) rose 5.6% year on year in July (June: +6.9% yoy). July's slowdown largely reflected softer growth in the construction, manufacturing and trade sectors. Moreover, the utilities and fishing sectors swung from expansion to contraction.

On a monthly basis, economic activity flatlined in July (June: +1.2% mom). Meanwhile, annual average economic activity growth fell to 7.9% in July (June: +8.4%), pointing to a worsening trend.

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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