Unemployment in Argentina
Argentina - UnemploymentAlthough the economy remains mired in recession, the latest political developments and available economic data provide a glimmer of optimism. On 25 October, the lower house of Congress approved the 2019 austerity budget, and the following day the IMF formally approved the revised standby agreement. Meanwhile, financial markets seem to have welcomed the new monetary strategy, with the net demand for foreign assets moderating in September. Moreover, the contraction in economic activity softened further in August, partly due to recovering agricultural output, and in September the trade balance recorded a surplus after 20 months in the red. On the fiscal side, the primary deficit narrowed considerably in January–September. Nevertheless, with sky-high interest rates weighing on credit and rising inflation significantly hitting consumer spending, the road to recovery will be long and arduous.
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||36.02||0.45 %||Nov 13|
|Stock Market||28,543||2.26 %||Nov 13|
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
November 7, 2018
Industrial production contracted 11.5% in September over the same month of last year, according to data released by the National Statistical Institute (INDEC) on 6 November, a sharper fall than August’s 5.6% year-on-year decline and marked a multi-year low. September’s reading reflected more severe contractions in almost all components of the index.
November 5, 2018
On 26 October, the IMF formally approved the upgraded standby agreement (SBA) announced in late September, which should cover the government’s financing needs for 2019 and grant President Mauricio Macri some breathing room ahead of next year’s general election.
October 26, 2018
The Universidad Torcuato di Tella (UTDT) consumer confidence index fell to 32.6 points in October from 33.7 points in September, marking the worst reading since September 2002.
October 26, 2018
The monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Económica) contracted 1.6% in annual terms in August, a much softer drop than the 2.7% fall recorded in July.
October 24, 2018
Exports contracted 4.8% in year-on-year terms in September, following August’s revised 1.6% fall (previously reported: -1.4% year-on-year).