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.


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Argentina Economic Activity Index

Actual Previous Highest Lowest Dates Unit Frequency
-0.30 -2.00 18.80 -13.70 2005 - 2019 percent Monthly
2014=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-11-26 07:00 PM Sep -2.1% -3.6% -4.1%
2019-12-23 07:00 PM Oct -0.9% -2.1% -3%
2020-01-23 07:00 PM Nov -1.9% -0.7% -1.5%
2020-02-21 07:00 PM Dec -0.3% -2.0% -1.9% -2.3%
2020-03-30 07:00 PM Jan -0.3%
2020-04-28 07:00 PM Feb
2020-05-20 07:00 PM Mar -2.9%
2020-06-29 07:00 PM Abr


News Stream
Argentina Economic Activity Dips 0.3% YoY, Grows 0.2% MoM
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.
2020-02-21
Argentina Economic Activity Shrinks for 4th Month in November
Economic activity in Argentina shrank 1.9 percent year-on-year in November of 2019, following a downwardly revised 0.7 percent fall in October and marking the fourth straight month of declining activity. Biggest downward contribution came from manufacturing (-4.8 percent), retail and wholesale trade (-5 percent) and financial intermediation (-8.5 percent). On a seasonally adjusted basis, economic activity dropped 1.7 percent compared to the previous month.
2020-01-23
Argentina Economic Activity Slides in October
Argentina's economic activity shrank 0.9 percent year-on-year in October 2019, after a 2.1 percent contraction in September. The contraction was explained by falls in fishing (-28.2 percent vs -44.2 percent in September), manufacturing (-2.2 percent vs -5.1 percent), construction (-8.3 percent vs -6.9 percent), commercial services (-2.3 percent vs -5.4 percent), transport & communication (-0.2 percent vs 0.7 percent), and financial services (-9.0 percent vs -14.3 percent). In contrast, activity expanded in agriculture (3.0 percent vs 8.9 percent), utilities (3.2 percent vs 0.0 percent), mining (2.8 percent vs 2.3 percent), and restaurant & lodging services (0.4 percent vs 0.8 percent). On a seasonally adjusted monthly basis, economic activity climbed 1.9 percent.
2019-12-23
Argentina Economic Activity Shrinks for 2nd Month
Argentina's economic activity shrank 2.1 percent year-on-year in September 2019, after a downwardly revised 3.6 percent contraction in August. Output declined less in manufacturing (-5 percent vs -6.6 percent in August); wholesale & retail trade (-5.2 percent vs -9.2 percent); financial intermediation (-14.6 percent vs -15.9 percent) and other services (-1.9 percent vs -3.3 percent). Also, output rebounded in transportation & communication (0.2 percent vs -1.3 percent); real estate (1.5 percent vs -0.5 percent) and utilities (0.1 percent vs -4 percent). Additionally, output grew further in agriculture (11.8 percent vs 8.1 percent); public services (0.8 percent vs 0.6 percent) and education (0.9 percent vs 0.8 percent). In contrast, production fell at a faster pace for construction (-6.5 percent vs -5.1 percent); fishing (-44.2 percent vs -1.1 percent) and accommodation services (-1.1 percent vs -0.6 percent). On a seasonally adjusted monthly basis, economic activity shrank 1.6 percent.
2019-11-26

Argentina Economic Activity Index
In Argentina, the Monthly Economic Activity Estimator (EMAE) is a provisional indicator of the evolution of the GDP. Its calculation is structured in the aggregation of the added value at basic prices of each one of the economic activities plus the net taxes of subsidies to the products, using the weights of the national accounts.