Argentina Economic Activity June 2018

Argentina

Argentina: Economic activity plummets further in June

August 23, 2018

The monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Económica) contracted 6.7% in annual terms in June, deteriorating from the 5.2% contraction recorded in May (previously reported: -5.8% year-on-year) and marking the worst performance in nine years.

June’s contraction came on the back of significant annual declines in agricultural and industrial output, as well as severely restricted trade activity. Construction activity, meanwhile, appeared to stall in June following a string of upbeat readings.

A month-on-month comparison showed that economic activity contracted a seasonally-adjusted 1.3% in June following May’s 1.2% drop.

Finally, average economic activity decreased to 1.8% in June from 2.8% in May.

Argentina GDP Forecast


FocusEconomics Consensus Forecast panelists expect economic growth of 0.4% in 2018, which is unchanged from last month’s forecast. For 2019, panelists see the economy expanding 1.9%.


Author:, Economist

Sample Report

Looking for forecasts related to Economic Activity in Argentina? Download a sample report now.

Download

Argentina Economic Activity Chart


Argentina Economic Activity June 2018

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


Argentina Economic News

More news

Search form