INDEC

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Illustration depicting Argentina's February economic decline with falling graphs, closed factories, and empty shops in Buenos Aires.
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Economic activity fell 2.6% in February, according to INDEC

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Argentina's monthly economic activity estimator (EMAE) recorded a 2.1% year-over-year drop and a 2.6% seasonally adjusted decline in February 2026, INDEC reported. Manufacturing industry contracted 8.7% and commerce 7.0% year-over-year.

The National Institute of Statistics and Censuses (INDEC) reported that in March 2026, the tourism balance showed a negative saldo of 552,000 tourists. 509,600 foreign visitors entered, up 6.3% from the previous year, while 1.06 million Argentine residents left the country, down 19.9%. The overall negative balance reached 704,800 international visitors.

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After a 2.6% drop in economic activity in February, according to INDEC, private consultancies estimate a March recovery driven by agriculture. Equilibra forecasts a 1.5% year-on-year rise and 1% monthly desesasonalized. The first quarter would end with 0.4% growth versus 2025.

The National Institute of Statistics and Censuses (INDEC) reported that the utilization of installed capacity in the manufacturing industry reached 61.0% in October 2025. This marks a decline of 2 percentage points from the same month in 2024 and 0.1 points from September. The textile sector saw the largest year-over-year drop.

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Argentina's construction sector grew 0.9% in September 2025 compared to August, according to INDEC data. This marks a 6.8% year-on-year increase and a 7.8% cumulative rise in the first nine months of the year. Yet, business expectations indicate unfavorable variations for the year's end.

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