Argentina's economic activity advanced by 11.6 percent from a year earlier in September of 2021, following a 12.8 percent rise in the prior month and above market expectations of an 8.3 percent growth. Output rose faster for hotels & restaurants (59.1 percent vs 42 percent in August), construction (27.1 percent vs 26.7 percent), mining (16.3 percent vs 11.3 percent), and finance services (2.4 percent vs 0.4 percent). Meanwhile, the growth rate eased for manufacturing (10.8 percent vs 13.7 percent), retail & wholesale trade (10.1 percent vs 14.4 percent), transports (10.7 percent vs 11.9 percent), and utilities (5 percent vs 9.4 percent). Moreover, activity fell in agriculture (-1.7 percent vs 1.5 percent) and fishing (-9.6 percent vs 2.8 percent). On a monthly basis, economic activity expanded 1.2 percent, after an upwardly revised 1.4 percent rise in September. source: Instituto Nacional de Estadística y Censos (INDEC)

Monthly GDP YoY in Argentina averaged 2.22 percent from 2005 until 2021, 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 December of 2021.

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Argentina Monthly Economic Activity Estimator


Calendar GMT Actual Previous Consensus TEForecast
2021-10-21 07:00 PM Aug 12.8% 11.8% 8.3% 11%
2021-11-23 07:00 PM Sep 11.6% 12.8% 8.3% 9%
2021-12-23 07:00 PM Oct 11.6%


News Stream
Argentina Economic Activity Growth Higher Than Expected
Argentina's economic activity advanced by 11.6 percent from a year earlier in September of 2021, following a 12.8 percent rise in the prior month and above market expectations of an 8.3 percent growth. Output rose faster for hotels & restaurants (59.1 percent vs 42 percent in August), construction (27.1 percent vs 26.7 percent), mining (16.3 percent vs 11.3 percent), and finance services (2.4 percent vs 0.4 percent). Meanwhile, the growth rate eased for manufacturing (10.8 percent vs 13.7 percent), retail & wholesale trade (10.1 percent vs 14.4 percent), transports (10.7 percent vs 11.9 percent), and utilities (5 percent vs 9.4 percent). Moreover, activity fell in agriculture (-1.7 percent vs 1.5 percent) and fishing (-9.6 percent vs 2.8 percent). On a monthly basis, economic activity expanded 1.2 percent, after an upwardly revised 1.4 percent rise in September.
2021-11-23
Argentina Economic Activity Growth Tops Estimates
Argentina's economic activity advanced by 12.8 percent from a year earlier in August of 2021, following an upwardly revised 11.8 percent rise in the prior month and above market expectations of an 8.3 percent growth. Output rose faster for construction (26.7 percent vs 22.3 percent in July); retail and wholesale trade (15.6 percent vs 11.8 percent); manufacturing (13.7 percent vs 12.8 percent); transport & communications (11.6 percent vs 10.8 percent) and utilities (9.2 percent vs 3.3 percent). Moreover, activity rebounded slightly in agriculture (0.8 percent vs -3.1 percent) and finance services (0.3 percent vs -1.1 percent). On a monthly basis, economic activity expanded 1.1 percent, after an upwardly revised 0.9 percent rise in July.
2021-10-21
Argentina Economic Activity Beats Forecasts
Argentina's economic activity grew 11.7 percent from a year earlier in July of 2021, the same as in the previous month and above market expectations of an 8.7 percent rise. Output advanced faster for mining & quarrying (12 percent vs 11.5 percent); hotels & restaurants (55.4 percent vs 33 percent) and fishing (251.6 percent vs 111 percent). On the other hand, output slowed for manufacturing (12.7 percent vs 17.4 percent in June); utilities (3.2 percent vs 10.3 percent); construction (22.6 percent vs 40.4 percent) and transport & communications (10.1 percent vs 10.8 percent). On a monthly basis, activity expanded 0.8 percent, slowing from a 2.5 percent gain in June. Considering the first seven months of 2021, the economy grew 10.5 percent.
2021-09-28

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.