Argentina economic activity rises 2.7% in June, above expectations
Fishing, mining and agriculture drove the gain, with 12 of 15 sectors posting year-over-year increases, government data showed.
- On Thursday, Argentina's national statistics agency INDEC reported economic activity expanded 0.8 percent from May, surpassing the 0.3 percent median estimate, with the gross domestic product proxy hitting 2.7 percent growth compared to a year ago.
- Growth was driven primarily by mining, quarrying, and fishing, with 12 of the 15 sectors tracked by the EMAE posting year-on-year gains, though public administration, electricity, and education sectors recorded declines.
- Despite the momentum, inflation remains a challenge for President Javier Milei's government, with consumer prices rising 2.1 percent in July and economists surveyed by the Central Bank forecasting a 29.8 percent inflation rate for 2026.
- To "reactivate the economy," Economy Minister Luis Caputo scrapped a restriction dating back to 2001, allowing dollar lending to all companies instead of just those generating dollar revenues.
- Milei's government has sharply cut public spending to curb inflation, while officials are seeking to revive growth in the industrial, consumer, and construction sectors to maintain momentum.
17 Articles
17 Articles
Argentina's economic activity grew 0.8% in June, compared to May, interrupting a sequence of two consecutive falls and offering new signs of economic recovery, according to data released on Thursday (20) by the National Institute of Statistics and Censuses (Indic) of the country. In relation to the same month of 2025, the Monthly Indicator of Economic Activity (EMAE) - a data widely followed and that helps to anticipate the Gross Domestic Produc…
Argentina economic activity rises 2.7% in June, above expectations
BUENOS AIRES, Aug 20 (Reuters) - Argentina's economic activity climbed 2.7% in June compared with the same month a year earlier, data from Argentina's national statistics agency showed on Thursday. The increase for Latin America's third-largest eco...
The activity advanced 2.7% in the year-on-year comparison and accumulated an improvement of 1.9% in the first six months; mining, agriculture and fishing boosted the result
They are data from INDEC.In the semester the index recorded an increase of 1.9%.
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