Argentina’s economic activity estimator rose by 6.4 percent from a year earlier in August of 2022, accelerating from the upwardly revised 5.9 percent from the prior month and beating market estimates of only a 4.5 percent rise. Hotels and Restaurants (+33.7% YoY) and mines and quarries (+14.0%) registered the largest increases, with the Manufacturing Industry (+8.3%) having a heavily-weighted impact on variation along with wholesale trade, retail, and repairs (+9.0%). The Electricity, gas, and water sector registered the largest YoY drop (-4.6%). The month-on-month change amounted to 0.4%. source: Instituto Nacional de Estadística y Censos (INDEC)

Monthly GDP YoY in Argentina averaged 2.47 percent from 2005 until 2022, reaching an all time high of 29.50 percent in April of 2021 and a record low of -25.30 percent in April of 2020. This page includes a chart with historical data for Argentina Economic Activity Index. Argentina Monthly Economic Activity Estimator - data, historical chart, forecasts and calendar of releases - was last updated on November of 2022.

Monthly GDP YoY in Argentina is expected to be 3.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Argentina Monthly Economic Activity Estimator



Calendar GMT Actual Previous Consensus TEForecast
2022-09-26 07:00 PM Jul 5.6% 6.9% 4.7% 5.3%
2022-10-20 07:00 PM Aug 6.4% 5.6% 4.2% 4.5%
2022-11-23 07:00 PM Sep 6.4% 3.4%

Argentina Monthly Economic Activity Estimator
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.
Actual Previous Highest Lowest Dates Unit Frequency
6.40 5.60 29.50 -25.30 2005 - 2022 percent Monthly
2014=100, NSA

News Stream
Argentina Economic Activity Surprisingly Accelerates in August
Argentina’s economic activity estimator rose by 6.4 percent from a year earlier in August of 2022, accelerating from the upwardly revised 5.9 percent from the prior month and beating market estimates of only a 4.5 percent rise. Hotels and Restaurants (+33.7% YoY) and mines and quarries (+14.0%) registered the largest increases, with the Manufacturing Industry (+8.3%) having a heavily-weighted impact on variation along with wholesale trade, retail, and repairs (+9.0%). The Electricity, gas, and water sector registered the largest YoY drop (-4.6%). The month-on-month change amounted to 0.4%.
2022-10-20
Argentine Economic Activity Slows, Increases from Previous Year
Argentina’s economic activity estimator rose by 5.6 percent from a year earlier in July of 2022, easing from the upwardly revised 6.9 percent from the prior month but beating market estimates of only a 4.7 percent rise. The largest increases YoY came from Hotels and Restaurants (45.7%) and mines and quarters (13.6%) though both decreased compared to the previous month (56.0% and 14.3%, respectively). Both the fishing (-3.1% vs 9.4%) and electricity, gas, and water (-2.1% vs 5.1%) sectors turned contractionary. The manufacturing industry sector (5.6% vs 6.5%) had one of the greatest impacts on the YoY increase while agriculture, ranching, hunting, and forestry (-2.7% vs -5.0%) were the most inhibitive despite improving from the previous month.
2022-09-26
Argentina Economic Activity Growth Eases
Argentina’s economic activity estimator rose by 6.4 percent from a year earlier in June of 2022, easing from the upwardly revised 7.6 percent from the prior month but beating market estimates of a 6 percent rise. Despite slowing, activity rose significantly for hotels and restaurants (39.2 percent vs 44.3 percent in May), manufacturing (8.5 percent vs 10.6 percent), and construction (6.6 percent vs 13.2 percent), while growth stagnated for mining (at 14.2 percent). On the other hand, agriculture, forestry, and hunting remained in contractionary territory (-4.9 percent vs -5.3 percent). On a seasonally adjusted monthly basis, economic activity rose by 0.4 percent.
2022-08-23