Leading Economic Index Argentina decreased 2.80 percent in December of 2019 over the same month in the previous year. Leading Economic Index in Argentina averaged 0.20 percent from 1993 until 2019, reaching an all time high of 4.40 percent in July of 2003 and a record low of -4.60 percent in February of 2001. source: Universidad Torcuato di Tella
Leading Economic Index in Argentina is expected to be -1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Leading Economic Index in Argentina to stand at -0.50 in 12 months time. In the long-term, the Argentina Leading Economic Index is projected to trend around 0.30 percent in 2020, according to our econometric models.
Argentina Leading Economic Index
In Argentina, the Leading Index (ILCIF) anticipates turning points in economic activity throughout the cycle. The index is composed by ten selected series according to their compliance, temporal consistency, economic rationality, representativeness and availability. These series are the following: stock market index of Buenos Aires, Merval Argentina, approved building plans, cement dispatches, bankruptcies, authorized contracts of property transactions, consumer confidence index, M2 Money Supply, metallurgical industry, use of intermediate goods. The index has a base value of 100 as of January of 1993.