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.
Economic Activity Index in Argentina averaged 2.27 percent from 2005 until 2020, reaching an all time high of 18.80 percent in May of 2010 and a record low of -26.40 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 July of 2020. source: Instituto Nacional de Estadística y Censos (INDEC)
Economic Activity Index in Argentina is expected to be -3.00 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 2.30 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.