Economic activity in Argentina shrank 2.2 percent year-on-year in December of 2020, following a downwardly revised 3.7 percent decline in November and compared with consensus of a 3 percent decline. Output increased in manufacturing, up 4.5 percent after a 3.4 percent gain in the previous month. Also, construction rebounded sharply, up 6.3 percent after a 2.8 percent drop in the previous month, while retail trade grew further (10.7 percent vs 5.3 percent). In contrast, activity in hotels & restaurants continued well in the red (-47.1 percent vs -53.1 percent). On a seasonally adjusted basis, economic activity grew 0.9 percent after a 1.4 percent expansion in November. In the twelve months of 2020, the economy shrank a steep 10 percent. source: Instituto Nacional de Estadística y Censos (INDEC)

Economic Activity Index in Argentina averaged 1.84 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 February of 2021.

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 6.00 in 12 months time. In the long-term, the Argentina Economic Activity Index is projected to trend around 5.00 percent in 2021 and -1.60 percent in 2022, according to our econometric models.

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Argentina Economic Activity Index

Actual Previous Highest Lowest Dates Unit Frequency
-2.20 -7.30 18.80 -25.40 2005 - 2020 percent Monthly
2014=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-24 07:00 PM Sep -6.9% -11.8% -9% -8%
2020-12-23 07:00 PM Oct -7.4% -6.3% -8.5% -7.5%
2021-01-26 07:00 PM Nov -3.7% -7.3% -3.3% -4%
2021-02-24 07:00 PM Dec -2.2% -3.7% -3% -4%
2021-03-30 07:00 PM Jan -2.2%
2021-04-22 07:00 PM Feb
2021-05-20 07:00 PM Mar
2021-06-29 07:00 PM Abr
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Argentina Economic Activity Shrinks Less than Expected
Economic activity in Argentina shrank 2.2 percent year-on-year in December of 2020, following a downwardly revised 3.7 percent decline in November and compared with consensus of a 3 percent decline. Output increased in manufacturing, up 4.5 percent after a 3.4 percent gain in the previous month. Also, construction rebounded sharply, up 6.3 percent after a 2.8 percent drop in the previous month, while retail trade grew further (10.7 percent vs 5.3 percent). In contrast, activity in hotels & restaurants continued well in the red (-47.1 percent vs -53.1 percent). On a seasonally adjusted basis, economic activity grew 0.9 percent after a 1.4 percent expansion in November. In the twelve months of 2020, the economy shrank a steep 10 percent.
2021-02-24
Argentina Economic Activity Falls More than Expected
Economic activity in Argentina shrank 3.7 percent year-on-year in November of 2020, following a downwardly revised 7.3 percent decline in October and compared with consensus of a 3.3 percent decline. Output rebounded sharply in manufacturing, up 3.7 percent after a 3.6 percent decline in the previous month. Output also rebounded in retail & wholesale trade (3.9 percent vs -0.8 percent) and utilities (1.0 percent vs -3.8 percent). In contrast, economic activity continued to be dragged by drops in construction (-3.4 percent vs -9.1 percent in October), hotels & restaurants (-53.2 percent vs -54.3 percent), and transportation & communications (-18.2 percent vs. -19.7 percent). On a seasonally adjusted basis, economic activity grew 1.4 percent after an upwardly revised 2.1 percent expansion in October. In the first eleven months of the year, the economy shrank a steep 10.6 percent.
2021-01-26
Argentina Economic Activity Falls Less than Expected
Economic activity in Argentina shrank 7.4 percent year-on-year in October of 2020, following a downwardly revised 6.3 percent decline in September and compared with market expectations of a 8.5 percent decline, as the economy struggles to recover from isolation measures. Output was mainly dragged by retail trade (-0.7 percent vs 5.8 percent), manufacturing (-3.5 percent vs 2.2 percent), utilities (-3.5 percent vs 1.4 percent), and lodging and restaurant services (-54.5 percent vs -59.5 percent). On a seasonally adjusted basis, economic activity grew 1.9 percent after an upwardly revised 2.1 percent expansion in September. In the first nine months of the year, the economy shrank a steep 11.3 percent.
2020-12-23
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 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.