Argentina economic activity dips 1.4% in July
- On Thursday, Argentina's official statistics agency INDEC reported that economic activity fell 1.4% in July compared with the same month a year earlier, following the 2.7% rise recorded in June.
- Among 15 tracked sectors, the EMAE measurement alternated between rises and falls, with eight recording year-on-year declines led by wholesale, retail trade, and repairs falling 5.1% and manufacturing down 4.6%.
- Seasonally adjusted economic activity fell 2.9% in July from the previous month, marking the largest monthly decline since the Covid-19 pandemic for Latin America's third-largest economy.
- Facundo Beltramone, an economist at the Libertad think tank, said the data "shows a sign of weakness at the margin," noting exports fell 4.9% and imports 4.5% from the previous month.
- Javier Milei's government has cut public spending to curb inflation, while the Central Bank forecasts 2.1% growth this year and 2.9% next year despite the recent economic volatility.
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13 Articles
Argentina's economic activity recorded in July the largest monthly fall since the covid-19 pandemic, in a setback for President Javier Milei and his Minister of Economics, Luis Caputo, according to data released on Thursday (24) by the National Institute of Statistics and Censuses (Indic). The 2.9% decrease in relation to June was the most intense since March and April 2020, at the beginning of the pandemic, and reinforces the signs of weakness …
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Argentina economic activity dips 1.4% in July
Argentina's economic activity fell 1.4% in July compared with the same month a year earlier, data from the country's official national statistics agency showed on Thursday. The decrease...
In July 2026, the monthly economic activity estimator (EMAE) recorded a fall of 1.4% in the annual comparison (i.a.) and 2.9% compared to June in the seasonalized measurement. It was the biggest fall of that year and also since the covid pandemic. Thus, the serrucho effect was maintained with this key indicator, [...] The strong drop in economic activity in July, the largest since the pandemic was first published in First Edition.
In July, the EMAE recorded a monthly collapse of 2.9 per cent according to the INDEC, the biggest fall since the pandemic. Industry and construction collapsed, and the outlook became more difficult to avoid a technical recession in the third quarter of the year.
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