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. source: Instituto Nacional de Estadística y Censos (INDEC)
Economic Activity Index in Argentina averaged 2.12 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 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 October of 2021.
Economic Activity Index in Argentina is expected to be 6.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Argentina Economic Activity Index is projected to trend around 2.50 percent in 2022 and 1.50 percent in 2023, according to our econometric models.