Economic activity in Argentina shrank 6.9 percent year-on-year in September of 2020, following an upwardly revised 11.8 percent plunge in August and compared with market expectations of a 9 percent decline. It was the weakest contraction in seven months, as the economy continues to recover from isolation measures. Output rebounded in manufacturing (2.2 percent vs -8.6 percent in August); and retail trade (5.8 percent vs -6.4 percent). Also, utilities output gained steam (1.4 percent vs 0.7 percent). In contrast, hotels & restaurants production continued fell further (-59.5 percent vs -55.6 percent in August).On a seasonally adjusted basis, economic activity grew 1.9 percent, faster than an upwardly revised 1.6 percent rise in August. In the first nine months of the year, the economy shrank 11.9 percent. source: Instituto Nacional de Estadística y Censos (INDEC)
Economic Activity Index in Argentina averaged 1.89 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 December of 2020.
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 7.00 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.