Economic activity grew by 2.7% year-on-year in June and has accumulated an expansion of 1.9% in 2026

The Argentine economic activity recorded a significant growth in June 2026, according to data from the Monthly Economic Activity Estimator (EMAE).

The INDEC reported that the economy registered a 2.7% expansion compared to the same month in 2025 and advanced 0.8% from May in the seasonally adjusted measurement.

The data also shows that the growth extended to the vast majority of sectors that make up the indicator. In June, twelve of the fifteen activities surveyed recorded positive year-on-year variations, while the year-to-date total reached a growth of 1.9%.

In terms of trend, the trend-cycle component of the EMAE, which allows for the analysis of the underlying dynamics of the activity level, increased by 0.2% month-on-month and accumulated 27 consecutive months of growth, resulting in the longest expansion cycle since that recorded between June 2009 and August 2011.

The sectors that grew the most

One of the main drivers of growth was the activity of Mining and quarrying, which advanced 15.6% year-on-year. This sector also had the greatest positive impact on the overall variation of the EMAE.

The mining expansion was followed by Agriculture, livestock, hunting, and forestry, which recorded a year-on-year increase of 4.6%. Together, both sectors contributed 1.1 percentage points to the 2.7% growth recorded by economic activity.

Among the sectors with positive evolution, Fishing also stood out, with a year-on-year increase of 247.6%. This was the largest percentage variation among the surveyed activities.

The Manufacturing industry, for its part, recorded a 1.9% improvement compared to June 2025, while Financial intermediation grew by 5.1%.

Also showing advances were Wholesale, retail trade, and repairs, with a positive variation of 0.8%, and Construction, which increased by 2.8% year-on-year.

The Hotels and restaurants sector completed the group of highlighted activities, with a growth of 1.8% compared to the same month of the previous year.

Thus, the growth in June was accompanied by an improvement in activities related to the production of goods, construction, trade, the financial sector, and services related to tourism.

More growth projected for Argentina

The outlook for the Argentine economy also remains positive thanks to the reforms of the Government of Javier Milei. The World Bank forecasted a 3.6% growth for Argentina during 2026, according to the Global Economic Prospects report released in June.

The entity also anticipated an expansion of the Argentine Gross Domestic Product (GDP) of 3.7% in 2027 and 3.5% in 2028.

According to these projections, the growth outlook for Argentina remains above the estimates for global growth and for the entire Latin America and the Caribbean region.