Argentina’s economic activity estimator rose by 6.4 percent from a year earlier in August of 2022, accelerating from the upwardly revised 5.9 percent from the prior month and beating market estimates of only a 4.5 percent rise. Hotels and Restaurants (+33.7% YoY) and mines and quarries (+14.0%) registered the largest increases, with the Manufacturing Industry (+8.3%) having a heavily-weighted impact on variation along with wholesale trade, retail, and repairs (+9.0%). The Electricity, gas, and water sector registered the largest YoY drop (-4.6%). The month-on-month change amounted to 0.4%. source: Instituto Nacional de Estadística y Censos (INDEC)
Monthly GDP YoY in Argentina averaged 2.47 percent from 2005 until 2022, 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 includes a chart with historical data for Argentina Economic Activity Index. Argentina Monthly Economic Activity Estimator - data, historical chart, forecasts and calendar of releases - was last updated on November of 2022.
Monthly GDP YoY in Argentina is expected to be 3.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.