Economic activity in Argentina shrank 2.2 percent year-on-year in December of 2020, following a downwardly revised 3.7 percent decline in November and compared with consensus of a 3 percent decline. Output increased in manufacturing, up 4.5 percent after a 3.4 percent gain in the previous month. Also, construction rebounded sharply, up 6.3 percent after a 2.8 percent drop in the previous month, while retail trade grew further (10.7 percent vs 5.3 percent). In contrast, activity in hotels & restaurants continued well in the red (-47.1 percent vs -53.1 percent). On a seasonally adjusted basis, economic activity grew 0.9 percent after a 1.4 percent expansion in November. In the twelve months of 2020, the economy shrank a steep 10 percent. source: Instituto Nacional de Estadística y Censos (INDEC)
Economic Activity Index in Argentina averaged 1.84 percent from 2005 until 2020, reaching an all time high of 18.80 percent in May of 2010 and a record low of -25.40 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 March of 2021.
Economic Activity Index in Argentina is expected to be -5.50 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 6.00 in 12 months time. In the long-term, the Argentina Economic Activity Index is projected to trend around 5.00 percent in 2021 and -1.60 percent in 2022, according to our econometric models.