Illustration depicting Argentina's February economic decline with falling graphs, closed factories, and empty shops in Buenos Aires.
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 February 2026, the EMAE fell 2.1% year-over-year and 2.6% from January on a seasonally adjusted basis.

Eight sectors showed year-over-year increases, with fishing at 14.8% and mining and quarrying at 9.9%. Mining and quarrying had the largest positive impact, followed by agriculture, livestock, hunting, and forestry at 8.4%, contributing 0.8 percentage points to the variation.

Conversely, seven sectors declined, led by manufacturing industry at -8.7% and wholesale, retail trade, and repairs at -7.0%. These two subtracted 2.2 percentage points from the year-over-year EMAE, according to the INDEC report.

人々が言っていること

Discussions on X about INDEC's EMAE report for February 2026 highlight a 2.6% monthly and 2.1% yearly drop in economic activity, with strong contractions in manufacturing (-8.7%) and commerce (-7%). Users, including economists and journalists, express negative sentiments criticizing government economic promises, while noting gains in agriculture, mining, and finance. High-engagement posts from news outlets amplify the data.

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Illustration of a Colombian factory during industrial production decline in January 2026, with workers reviewing falling output charts.
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Colombia's industrial production falls 0.5% in January 2026

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DANE reported that manufacturing industrial production fell 0.5% in January 2026 compared to January 2025, with real sales down 0.7%. This marks two consecutive months of production contraction and three for sales.

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.

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Chile's Central Bank reported that the Economic Activity Index (Imacec) fell 0.3% in February, accumulating a 0.4% contraction in the first two months of the year. Goods production dropped 3.7%, though mining saw a slight rebound. Economists are adjusting forecasts for 2026 GDP near 2%.

Argentina's Central Bank released its latest Market Expectations Survey, drawing from 45 analysts' projections, estimating 2.4% inflation for January 2026 and a dollar rate of $1,475 in February.

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Argentina's Northeast (NEA) recorded 4.1% inflation in March, the highest in the country per INDEC data, exceeding the national 3.4%. The region has accumulated 11.5% this year, driven by food, services, and utilities. This widens the regional gap with areas like Patagonia at just 2.5%.

韓国の2月の鉱工業生産指数は前月比2.5%上昇し、5年8カ月ぶりの高い伸びとなった。政府統計によると、小売売上高は横ばいだった一方、設備投資は13.5%の大幅増となった。中東情勢の緊張による影響は現時点で限定的である。

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Economy Minister Luis Caputo projected that March inflation will exceed 3%, driven by oil impacts and educational seasonality. The official INDEC data will be released on Tuesday, April 14, at 4 p.m. Caputo assured that disinflation and economic growth will begin from April.

 

 

 

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