Strong Recovery of Economic Activity in March

Argentina's economic activity surged 5.5% yoy in March, driven by strong rebounds in agriculture, manufacturing, and mining. This sequential growth of 3.5% mom offsets early-year weakness and supports a balanced 2.7% growth outlook for 2026.

Key Takeaways

• 1.Argentina's real GDP (EMAE) rose by 5.5% year-on-year in March, significantly exceeding consensus expectations of 2.1%.
• 2.On a sequential basis, activity rebounded by 3.5% month-on-month seasonally adjusted, effectively offsetting the weak performance seen in January and February.
• 3.Growth was primarily driven by Agriculture (17.9% yoy), Manufacturing (4.6% yoy), and Mining (16.3% yoy).

Table of Contents

• KEY NUMBERS (March):
• DETAILS:
• Strong Economic Rebound in March After a Soft Start to the Year
• Disclosure Appendix
• Global product; distributing entities
• General disclosures

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