Unemployment in Argentina
Argentina - UnemploymentThe economy contracted again in the third quarter, weighed down by plummeting domestic demand amid soaring inflation and interest rates, and a significant depreciation of the peso. Recession likely carried over into the fourth quarter, as suggested by shrinking economic activity in October and plunging industrial production in October-November. In more positive news, November saw the third consecutive trade surplus, while inflationary pressures moderated notably in October-November. Meanwhile, on 19 December the IMF completed the second review of the standby agreement and disbursed an additional USD 7.6 billion. While recognizing that weaker inflation and the peso’s stabilization are encouraging signs, the Fund urged the government to keep cutting energy subsidies and to limit public wage increases in order to keep public finances in check.
Argentina - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Argentina Unemployment Chart
Source: National Statistical Institute (INDEC).
|Bond Yield||6.69||0.15 %||Dec 17|
|Exchange Rate||37.52||0.45 %||Jan 22|
|Stock Market||34,043||2.26 %||Jan 22|
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January 23, 2019
Exports leaped 15.4% in year-on-year terms in December, following November’s 14.6% increase.
January 16, 2019
According to the National Statistical Institute (INDEC), national consumer prices rose 2.6% over the previous month in December, coming in below November’s 3.2% month-on-month increase. December’s reading represented the third consecutive month of decelerating month-on-month price increases.
January 15, 2019
At its latest meeting held on 2 January, the Central Bank of Argentina (Banco Central de la República Argentina, BCRA) announced it will meet the 0% monetary base growth target in January and could surpass its goal in February and March.
January 3, 2019
Industrial production plunged 13.3% over the same month of last year in November, according to data released by the National Statistical Institute (INDEC) on 3 January, marking a steeper fall than October’s 6.8% year-on-year decline and the worst reading since June 2002. November’s result again reflected contractions in almost all components of the index.
December 28, 2018
The monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Económica) contracted 4.0% in annual terms in October, a softer drop than the revised 6.1% fall recorded in September (previously reported: -5.8% year-on-year).