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.

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Argentina Economic Activity Index

Actual Previous Highest Lowest Dates Unit Frequency
-6.90 -11.80 18.80 -25.40 2005 - 2020 percent Monthly
2014=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-08-20 07:00 PM Jun -12.3% -20.5% -14% -17%
2020-09-28 07:00 PM Jul -13.2% -11.7% -14.2% -13.8%
2020-10-22 07:00 PM Aug -11.6% -13.1% -12% -13.5%
2020-11-24 07:00 PM Sep -6.9% -11.8% -9% -8%
2020-12-23 07:00 PM Oct -6.9%
2021-01-26 07:00 PM Nov
2021-02-24 07:00 PM Dec
2021-03-30 07:00 PM Jan


News Stream
Argentina Economic Activity Shrinks Less than Expected in September
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.
2020-11-24
Argentina Economic Activity Drops Less than Expected
Economic activity in Argentina shrank 11.6 percent year-on-year in August of 2020, following a revised 13.1 percent plunge in July and compared with market expectations of a 12 percent decline, as the coronavirus continues to weigh heavily. Output fell faster for manufacturing (-8.7 percent vs -8.4 percent in July) and construction (-32.1 percent vs -30 percent). In addition, output for utilities fell 0.4 percent after climbing 4.4 percent in July. In contrast, activity fell at a softer pace for wholesales & retail trade (-3.5 percent vs -5.6 percent) and restaurant & lodging services (-56 percent vs -64.8 percent). On a seasonally adjusted basis, economic activity grew 1.1 percent following a revised 1.7 percent rise in July.
2020-10-22
Argentina Economic Activity Shrinks Less than Expected
Economic activity in Argentina shrank 13.2 percent year-on-year in July of 2020, following a revised 11.7 percent plunge in June and compared with market expectations of a 14.2 percent decline, as the coronavirus continues to weigh heavily. Output fell faster for manufacturing (-8.1 percent vs -5.4 percent in August); wholesales & retail trade (-5.8 percent vs -1.4 percent) and restaurant & lodging services (-65.4 percent vs -61.9 percent). On a seasonally adjusted basis, economic activity grew 1.1 percent following a revised 7.5 percent rise in June.
2020-09-28
Argentina Economic Activity Shrinks Less than Expected
Economic activity in Argentina shrank 12.3 percent year-on-year in June of 2020, following a downwardly revised record 20.5 percent plunge in May and compared with market expectations of a 14 percent decline, as the coronavirus continues to weigh heavily. Output fell at a softer pace in manufacturing (-7.3 vs -25.5 percent in May); wholesales & retail trade (-0.3 percent vs -20.7 percent); construction (-41.9 percent vs -61.8 percent); restaurant & lodging services (-62.7 percent vs -72.4 percent); mining & quarrying (-15.5 percent vs - 20 percent; agriculture, forestry & hunting (-9.6 percent vs -11.3 percent). In contrast, activit rebounded for utilities (3.6 percent vs -5.3 percent). On a seasonally adjusted basis, economic activity grew 7.4 percent following a 9.7 percent rebound in May.
2020-08-20

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.