Buenos Aires, Sept 25 (NA) – The National Institute of Statistics and Censuses (INDEC) will release this Tuesday the Monthly Estimator of Economic Activity (EMAE) for September, the month that closes the third quarter of the year. The EMAE is a monthly indicator that anticipates the evolution of the GDP, which is known on a quarterly basis. In the first quarter, GDP grew by 5.8% and in the second by 6.3%, but a lower percentage is expected for the third. Data from July and August showed a slowdown in activity and were presumed to be the origin of the poor performance of La Libertad Avanza in the district elections of the province of Buenos Aires, held in September. However, this interpretation was later refuted by the victory obtained by the ruling party in the October national elections. In July, the EMAE had grown 3.1% year-on-year, with a clear slowdown compared to June, when it had been 6.2%. The trend continued in August with a more moderate growth of 2.4%, according to INDEC data observed by the Argentine News Agency. This slowdown is also explained by a broader comparison base because in the second half of 2024 the economy had begun to rebound, but at the same time, it reveals that activity cannot solidify its expansion. With this data, in eight months the economy had accumulated an increase of 5.2%, which, according to analysts, will moderate until the end of the year. The 2025 growth projection, which was calculated at the beginning of the year above 5%, has been recently cut to 4% in recent weeks.
In the first quarter, GDP grew 5.8% and in the second 6.3%, but a lower percentage is expected for the third.
