Argentina Economic Activity Growth Hits 9-Month High

Argentina's economic activity rose 0.2% year-on-year in May 2026, following an upwardly revised 1.7% increase in April. Eight of the fifteen sectors surveyed posted annual growth. The strongest performances came from mining and quarrying, which expanded 15.7%, followed by utilities (8.0%). Agriculture, livestock, hunting, and forestry also increased 4.6% from a year earlier. Meanwhile, seven sectors contracted. The sharpest decline was recorded in fishing, down 29.3%, followed by manufacturing (-5.6%) and wholesale and retail trade and repair services (-4.3%). On a monthly basis, the Monthly Economic Activity Estimate fell 0.5% from April.

Argentina’s economic activity increased 1.6% year-on-year in April 2026, following an upwardly revised 6.2% surge in March. Agriculture, livestock, hunting and forestry (up 10.9% year-on-year) was the largest positive contributor, followed by mining and quarrying, which increased 17.1%. In contrast, fishing contracted 28.4% and declines were also seen in manufacturing (-2.9%) and wholesale and retail trade and repair services (-3.2%). Compared to the previous month, the Monthly Economic Activity Estimate declined 1.5%.

Argentina’s economic activity rose 5.5% year-on-year in March 2026, accelerating from a 2.1% increase in February and marking the strongest growth since June 2025. Fourteen of the fifteen sectors surveyed posted annual gains during the month. The strongest expansions were recorded in fishing (30.9%) and agriculture, livestock, hunting and forestry (17.9%). Mining and quarrying also grew strongly, up 16.3%, while manufacturing activity increased 4.6%. In contrast, public administration and defense; compulsory social security plans (-1.2%) was the only sector to contract. On a monthly basis, the economic activity indicator advanced 3.5%.