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 year-on-year growth hitting 2.7 percent.
- Growth was driven primarily by mining, quarrying, and fishing, with 12 of the 15 sectors tracked by the EMAE posting year-on-year gains; public administration, electricity, and education sectors declined.
- Despite the momentum, inflation remains a challenge for President Javier Milei's government, with consumer prices rising 2.1 percent in July and the Central Bank forecasting a 29.8 percent inflation rate for 2026.
- To "reactivate the economy," Economy Minister Luis Caputo scrapped a 2001 restriction, 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 seeking to revive growth in the industrial, consumer, and construction sectors to sustain momentum.
26 Articles
26 Articles
Economic activity increased 2.7% year-on-year in June 2026 and closed an increase of 1.9% in the first half of the year, pushed by the 2 major
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
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