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Argentina’s economic activity grew by 3.5% year-on-year in December 2025, rebounding from a 0.1% contraction in November and signaling a return to expansion. The upturn was led by a sharp acceleration in agriculture (32.2% vs 11.5%), alongside stronger gains in mining (9.1% vs 7.3%) and utilities (10.7% vs 1.8%). Financial intermediation (14.1% vs 13.8%), real estate and business services (1.6% vs 0.5%), and transport and communications (1.8% vs 1.9%) also continued to support growth. In addition, the construction (0.3% vs -2.5%) and education (0.3% vs 0.5%) sectors contributed positively to overall activity.
However, the recovery was partly offset by ongoing contractions in manufacturing (-3.9% vs -8.0%), trade (-1.3% vs -6.0%), and the public sector (-1.1% vs -1.1%), though the declines in manufacturing and trade eased relative to November. Hotels and restaurants, meanwhile, shifted into negative territory (-1.5% vs 0.8%). On a seasonally adjusted monthly basis, overall activity rose by 1.8%, while the trend-cycle component increased by 0.3%.