Economic activity in Argentina shrank 0.3 percent year-on-year in December of 2019, following an upwardly revised 2 percent fall in November to book the softest drop in five months amid a new federal government administration and debt renegotiations talks with the IMF. The main drag was construction, plunging 8 percent on an annual basis. Also, financial services plummeted 9.8 percent. On the flip side, utilities expanded 3.7 percent, retail 1.6 percent, and fishing 13.5 percent. During the twelve months of 2019, economic activity tumbled 2.1 percent. On a seasonally adjusted basis, economic activity increased 0.2 percent compared to the previous month.
Economic Activity Index in Argentina averaged 2.55 percent from 2005 until 2019, reaching an all time high of 18.80 percent in May of 2010 and a record low of -13.70 percent in May of 2009. This page provides - Argentina Economic Activity Index- actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Instituto Nacional de Estadística y Censos (INDEC)
Economic Activity Index in Argentina is expected to be -2.90 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 -2.70 in 12 months time. In the long-term, the Argentina Economic Activity Index is projected to trend around -1.50 percent in 2021, according to our econometric models.