By Hernan Nessi
BUENOS AIRES, Jan 20 (Reuters) – Argentina’s economic activity likely recorded a 1.7% year-on-year increase in November, marking a second consecutive month of slowed growth, according to median forecasts of analysts polled by Reuters.
Argentina, Latin America’s third-largest economy, recorded a 4.8% year-on-year increase in September’s economic activity and 3.2% in October. Despite the recent decline, it has not recorded negative results in any month of 2025, according to data from the National Institute of Statistics.
Projections from 12 local and foreign analysts also yielded an average increase in November of 1.7% in the Monthly Economic Activity Estimator (EMAE) – a key indicator for economists and business executives to anticipate GDP performance and trends.
The forecasts of the analysts surveyed ranged from a minimum variation of zero to a maximum of 3.1% for the EMAE in November.
“Despite November’s disappointing data, the outlook for 2026 is positive,” said consulting firm Orlando Ferreres and Associates, which gave an EMAE forecast of 1.6% for the month, highlighting notable declines in industry and commerce.
Argentina’s economic activity will get a boost from “a drop in country risk, higher levels of investment and access to credit, and better household income,” coming from a more organized macroeconomic and political landscape, the firm added.
INDEC will release the official EMAE data for November on Wednesday at 4 p.m. (1900 GMT).
(Reporting by Hernan Nessi; Editing by Joe Bavier)
