Blue Dollar Updates

Monthly economic activity drops the most since Milei entered office

Argentina’s statistics institute INDEC reports that the economy faced its most substantial monthly contraction in February since December 2023. On Wednesday, the government’s statistics agency reported a 2.6% decrease in the Monthly Economic Activity Estimator compared to January. It has reached its lowest point since July 2025. The downturn can be linked to disappointing outcomes … Read more

Economic Activity Sees Largest Drop Since 2023

In February, Argentina’s economy experienced a significant contraction, marking its largest monthly decline since 2023, as both retail and manufacturing sectors face ongoing challenges. Economic activity declined by 2.6 percent from January, significantly underperforming the 0.5 percent decrease projected by source, as reported in government data released on Wednesday. The gross domestic product proxy experienced … Read more

Milei acknowledges tough times and urges Argentines to stay patient

President Javier Milei stated that Argentina is “much better than in 2023,” the year he ascended to power. However, he acknowledged that in recent months there has been a decline in economic activity coupled with rising inflation, and he requested additional patience for the success of his economic program. In a recent assault on the … Read more

Blue Dollar News

Argentina’s economy surges 1.9% in January

Argentina’s economic activity experienced a growth of 1.9% year-on-year in January and a 0.4% increase relative to December 2025, as reported. The agriculture, livestock, hunting, and forestry sector exhibited a remarkable 25.1% growth, contributing significantly to the year-over-year change in the index. This was closely followed by the mining and quarrying sector, which experienced a … Read more

A big win could inspire Milei and his colleagues to keep appreciating the peso, which is lowering inflation and benefiting Argentina's upper and high-middle classes.

State Firms Thrive as Milei Pushes Privatization

In an effort to solidify Argentina’s fiscal surplus and bolster the Central Bank’s international reserves, President Javier Milei’s administration is advancing an ambitious and long-standing privatization initiative. The government’s approach aims to produce revenue in dollars through the sale or concession of state-owned enterprises. This is essential for the government, as the accumulation of foreign … Read more

Job Losses Surge in 2025 Amid Economic Growth from Informal Work

In the final quarter of 2025, Argentina experienced an increase in unemployment, reaching 7.5%. The figure stands at 1.1 percentage points above the corresponding period of 2024 and nearly 2 points higher than late 2023, according to a recent report from Argentina’s statistics institute INDEC. The figure stands in stark contrast to the growth of … Read more

Argentina Economy

Economy Shrinks More Than Anticipated Post-Midterms

Argentina’s economy experienced a contraction for the second consecutive month in November, following a midterm election that triggered a significant market sell-off. The INDEC national statistics bureau reported on Wednesday that economic activity decreased by 0.3 percent from October, following a 0.4 percent decline in the previous month. Economic activity contracted by 0.3 percent relative … Read more

Blue Dollar Updates

INDEC Defends Its Methods Amid Economists’ Scrutiny of Growth Data

The INDEC, provided an explanation of its methodology for calculating economic activity figures for September, revealing growth despite widespread expectations among economists of an impending recession. Source indicated that the rise was primarily attributable to a statistical correction stemming from its seasonal adjustment methodologies and the robust performance of the financing sector. The incorporation of … Read more

As peso falls, Argentina scrutinizes repo debts

Argentine authorities audit investor behavior in repo loans, short-term financial securities with record-high interest rates due to bank liquidity shortages. The Central Bank and local regulator CNV have sought assistance in analyzing the real-time data they receive daily from the country’s two primary exchanges, BYMA and A3, regarding the short-term instruments referred to locally as … Read more

Argentina Peso

June economic activity in Argentina fell 0.7%

In June, economic activity experienced a contraction of 0.7 percent compared to the preceding month, marking a second consecutive decline, according to the INDEC national statistics bureau. Financial services, wholesale, retail, and repairs drove 6.4% year-over-year economic growth despite a second monthly fall. In contrast, the statistics agency reported a year-on-year surge in activity of … Read more