FX.co ★ Argentina’s Economic Activity Swings into Contraction in July, Reversing June Growth

Argentina’s economic activity posted a sharp reversal in July 2026, shrinking by 1.4% year-over-year after recording growth of 2.7% in June, according to data updated on 24 September 2026. The figures highlight an abrupt swing from expansion to contraction within just one month.

The July reading, measured against the same month a year earlier, contrasts with June’s year-over-year increase, when the indicator was still in positive territory. In both cases, the comparison is made with the corresponding month of the previous year, underscoring how quickly underlying activity has cooled after mid-year momentum.

The move from 2.7% growth in June to a 1.4% decline in July suggests a loss of traction in Argentina’s economy as the third quarter began. While the data do not specify underlying sector drivers, the shift into negative year-over-year territory will likely reinforce concerns about the durability of the country’s recovery path.