Argentina Economic Activity October 2021


Argentina: Economic activity growth softens in October

January 3, 2022

The monthly indicator for economic activity (EMAE) grew 6.7% year-on-year in October (September: +11.4% yoy). The most pronounced decreases were recorded in the fishing and agricultural sectors.

On a monthly basis, economic activity fell 0.8% in October, following September’s 0.9% increase. Meanwhile, the trend improved, with the annual average growth in economic activity coming in at 8.4%, following September's 7.3%.

FocusEconomics analysts see the economy growing 2.2% in 2022, unchanged from the previous month’s forecast. In 2023, analysts see GDP expanding 2.3%.

Author: Massimo Bassetti, Senior Economist

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Argentina Economic Activity Chart

Argentina Economic Activity October 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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