Argentina's economic activity expanded by an annual 1.9pc in January, according to the statistics agency, Indec.
Growth slowed from the 3.3pc expansion reported in December following a 0.2pc contraction in November. Economic activity grew by an annual 1.3pc in January 2025.
Growth in January 2026 was fueled by an annual 50.8pc increase in fisheries, a 25.1pc expansion in agriculture and 9.6pc growth in mining. Dragging down growth were manufacturing, off by 2.6pc, with retail falling by 3.2pc and utilities off by an annual 3pc. The government forecasts 5pc growth for 2026.
The government is grappling with hyperinflation, which remains higher than forecast, and rising unemployment, which has increased. Export earnings were unexpectedly down in February, according to Indec
Argentina's consumer price index (CPI) increased to an annual rate of 33.1pc in February, up from 32.4pc in January, Indec reported earlier this month. Still, it has slowed from 66.9pc in February 2025.
Unemployment rose to 7.5pc at the end of fourth quarter of 2025, up from 6.6pc in the third quarter and compared with 6.4pc in the fourth quarter of 2024, according to Indec.
The country's trade surplus narrowed to US$788mn in February, a nine-month low, from $2.2bn in January, according to Indec.
