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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.

Gross domestic product grew 2.3% in the first quarter compared with the same period in 2025, according to INDEC data. Mining, agriculture and Vaca Muerta drove the result.

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Wholesaler sales dropped 1.1% month-over-month in April while supermarket sales rose 0.8%, INDEC reported. Both sectors posted year-over-year declines.

Salaries rose 1.8% in November 2025, below that month's 2.5% inflation, according to data from the National Institute of Statistics and Censos (INDEC). From January to November, incomes increased an average of 36%, exceeding the 27.9% inflation for the period. However, growth in registered employment lagged behind the informal sector.

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A University of Buenos Aires report reveals that nearly 70% of young people aged 16 to 24 work informally in Argentina. Factors such as lack of education and poverty drive this situation, which particularly affects young men. Meanwhile, the overall unemployment rate fell to 6.6% in the third quarter of 2025.

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