Argentina Economic Activity Continues to Rise in 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%.

Argentina’s economic activity fell 2.1% year-on-year in February 2026, marking the lowest since September 2024 and reversing a 1.9% expansion seen in January. Seven of the sectors tracked by the economic activity index declined, with manufacturing leading the drop at 8.7%, followed by wholesale, retail trade, and repairs at 7.0%. In contrast, fishing surged 14.8% and mining and quarrying rose 9.9%. On a seasonally adjusted basis, activity contracted 2.6% month-on-month.