Economic activity in Argentina shrank 20.6 percent year-on-year in May of 2020, following a downwardly revised record 26.3 percent plunge in April and compared with market expectations of a 20.3 percent decline, amid the coronavirus crisis. Output continued to fall in manufacturing (-25.7 percent vs -34.4 percent in April); wholesales & retail trade (-20.9 percent vs -27.5 percent); construction (-62.2 percent vs -86.7 percent); restaurant & lodging services (-74.3 percent vs -85.5 percent); mining & quarrying (-20.3 percent, the same as in April); agriculture, forestry & hunting (-10.7 percent vs -10 percent); and utilities (-5.1 percent vs -7.9 percent). On a seasonally adjusted basis, economic activity grew 10 percent, recovering from a 17.9 percent slump in the prior month.

Economic Activity Index in Argentina averaged 2.15 percent from 2005 until 2020, reaching an all time high of 18.80 percent in May of 2010 and a record low of -26.30 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 August of 2020. source: Instituto Nacional de Estadística y Censos (INDEC)

Economic Activity Index in Argentina is expected to be -2.50 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 3.00 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
-20.60 -26.30 18.80 -26.30 2005 - 2020 percent Monthly
2014=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-04-28 07:00 PM Feb -2.2% -1.8% -3.4% -5%
2020-05-20 07:00 PM Mar -11.5% -2.4% -8.7% -9%
2020-06-29 07:00 PM Abr -26.4% -11.5% -21% -30%
2020-07-22 07:00 PM May -20.6% -26.3% -20.3% -16%
2020-08-20 07:00 PM Jun -20.6% -17%
2020-09-28 07:00 PM Jul
2020-10-22 07:00 PM Aug
2020-11-24 07:00 PM Sep -2.5%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Argentina Economic Activity Shrinks 20.6%
Economic activity in Argentina shrank 20.6 percent year-on-year in May of 2020, following a downwardly revised record 26.3 percent plunge in April and compared with market expectations of a 20.3 percent decline, amid the coronavirus crisis. Output continued to fall in manufacturing (-25.7 percent vs -34.4 percent in April); wholesales & retail trade (-20.9 percent vs -27.5 percent); construction (-62.2 percent vs -86.7 percent); restaurant & lodging services (-74.3 percent vs -85.5 percent); mining & quarrying (-20.3 percent, the same as in April); agriculture, forestry & hunting (-10.7 percent vs -10 percent); and utilities (-5.1 percent vs -7.9 percent). On a seasonally adjusted basis, economic activity grew 10 percent, recovering from a 17.9 percent slump in the prior month.
2020-07-22
Argentina Economic Activity Shrinks 26.4%
Economic activity in Argentina shrank 26.4 percent year-on-year in April 2020, following an 11.5 percent fall in March and compared with market expectations of a 21 percent decline. It was the sharpest contraction since the beginning of the series, amid business closures and lockdowns due to the coronavirus pandemic. Output shrank further in construction (-86.4% vs -46.1% in March); manufacturing (-34.4% vs -15.4%); wholesale & retail trade (-27.0% vs -11.5%); transport & communications (-26.1% vs -14.4%); real estate (-19.7% vs -6.9%); social services & health (-72.1% vs -14.6%); agriculture, livestock & forestry (-10.3% vs -7.7%); restaurant & lodging services (-85.6% vs -34.6%); fishing (-19.0% vs -48.5%); mining (-20.4% vs -3%); education (-10.6% vs -1.1%); and public administration (-12.9% vs -0.6%). On a seasonally adjusted basis, economic activity declined 17.5 percent after declining 10.3 percent.
2020-06-29
Argentina Economic Activity Shrinks the Most in Nearly 11 Years
Economic activity in Argentina shrank 11.5 percent year-on-year in March 2020, following an upwardly revised 2.4 percent fall in February and compared with market expectations of an 8.7 percent decline. It was the sharpest contraction in economic activity since May 2009, amid business closures and lockdowns due to the coronavirus pandemic. Output shrank further in construction (-46.5% vs -20.3% in February); manufacturing (-15.5% vs -1.5%); wholesale & retail trade (-11.2% vs -1.4%); transport & communications (-14.8% vs -0.8%); real estate (-7.3% vs -0.7%); social services & health (-9.3% vs -1.4%); and agriculture, livestock & forestry (-8.1% vs -2.9%). Also, output dropped in restaurant & lodging services (-30.8% vs 2.2%); fishing (-48.6% vs 2.2%); mining (-3.1% vs 4.1%); education (-1.2% vs 1.2%); and public administration (-0.8% vs 0.4%). On a seasonally adjusted basis, economic activity declined 9.8 percent after declining 1.3 percent.
2020-05-20
Argentina Economic Activity Drops Further
Economic activity in Argentina shrank 2.2 percent year-on-year in February 2020 following a 1.8 percent fall in January. The main drag was again construction, plummeting 20.4 percent from the prior year after shrinking 13.8 percent in January. Also, financial services sank 7.7 percent after tanking 8 percent. In addition, utilities lost steam and grew 1 percent after expanding 4 percent in the previous month. On the flip side, agriculture expanded 0.2 percent after falling a sharp 7.1 percent. On a seasonally adjusted basis, economic activity declined 1.1 percent after expanding a revised 0.2 percent in January.
2020-04-28

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.