Argentina Economic Activity


Argentina: Economic activity stalls in January

April 15, 2015

Economic activity recorded flat growth in annual terms in January, which was down from the 0.5% rise tallied in December. January’s result marked the end to a three-month period of annual increases.

Compared to the previous month, economic activity declined 0.1% in seasonally-adjusted terms in January, which mirrored December’s result.

As a result of the national statistical institute’s change to the base year of the index from 1993 to 2004 in March 2014, the new index brings the official estimates closer to the independent estimates that local private analysts produce, which have traditionally pointed to lower growth compared to official sources. However, there is still a discrepancy between official and non-official figures.

LatinFocus Consensus Forecast panelists expect official GDP to increase 0.2% in 2015, which is up 0.2 percentage points from last month’s forecast. For 2016, participants expect official GDP to expand 2.3%. The panel sees non-official GDP contracting 1.5% in 2015; they expect it to rebound to a 2.0% expansion in 2016.

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Argentina Economic Activity Chart

Argentina Economic Activity January 2015

Note: Month-on-month and year-on-year changes of economic activity in %.
Source: Argentina National Statistical Institute (INDEC) and FocusEconomics calculations.

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