Argentina's March Activity Jumps 5.5%, Beating 2.1% Forecast
Updated
Updated · Devdiscourse · May 21
Argentina's March Activity Jumps 5.5%, Beating 2.1% Forecast
6 articles · Updated · Devdiscourse · May 21
Argentina’s EMAE activity index rose 5.5% year on year in March, far above the 2.1% growth forecast by analysts and reversing February’s decline.
Agriculture, livestock and forestry led the rebound with a 17.9% surge, while mining and quarrying climbed 16.3%, driving the broader pickup.
Fourteen of 15 tracked sectors expanded; only public administration, defense and social security contracted, slipping 1.2% from a year earlier.
The stronger reading adds to signs that Javier Milei’s fiscal-tightening program is cooling inflation while he pushes for recovery in industry, consumption and construction.
Is President Milei's economic 'miracle' a sustainable recovery or a temporary boom masking a deeper crisis?
Argentina's economy is soaring, so why are real wages collapsing and thousands of businesses shutting down?