Economic activity in Argentina shrank 20.6 percent year-on-year in May of 2020, following a downwardly revised record 26.3 percent plunge in April and compared with market expectations of a 20.3 percent decline, amid the coronavirus crisis. Output continued to fall in manufacturing (-25.7 percent vs -34.4 percent in April); wholesales & retail trade (-20.9 percent vs -27.5 percent); construction (-62.2 percent vs -86.7 percent); restaurant & lodging services (-74.3 percent vs -85.5 percent); mining & quarrying (-20.3 percent, the same as in April); agriculture, forestry & hunting (-10.7 percent vs -10 percent); and utilities (-5.1 percent vs -7.9 percent). On a seasonally adjusted basis, economic activity grew 10 percent, recovering from a 17.9 percent slump in the prior month.
Economic Activity Index in Argentina averaged 2.15 percent from 2005 until 2020, reaching an all time high of 18.80 percent in May of 2010 and a record low of -26.30 percent in April of 2020. This page provides - Argentina Economic Activity Index- actual values, historical data, forecast, chart, statistics, economic calendar and news. Argentina Economic Activity Index - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Instituto Nacional de Estadística y Censos (INDEC)
Economic Activity Index in Argentina is expected to be -2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Economic Activity Index in Argentina to stand at 3.00 in 12 months time. In the long-term, the Argentina Economic Activity Index is projected to trend around -1.50 percent in 2021 and -1.30 percent in 2022, according to our econometric models.