# Argentina EMAE monthly economic activity estimator, 2004=100 (INDEC)

Argentina EMAE monthly economic activity estimator, 2004=100 (INDEC) was 147.8 in August 2026, down 2.5% from July 2026 and down 1.7% from a year earlier.
Over the past ten years it has ranged from 113.3 (Apr 2020) to 168.4 (May 2017), averaging 145.7.

- Source agency: INDEC
- Makrognosis code: `AR.ECOACT.M.NSA`
- Frequency: monthly
- Units: index 2004=100
- Coverage: 2016-01-01 to 2026-08-01 (128 observations)
- Page: https://makrognosis.robomacro.com/data/argentina/emae-monthly-economic-activity-estimator-2004-100-indec

## Recent data

| Period | Value |
|---|---:|
| August 2026 | 147.8 |
| July 2026 | 151.5 |
| June 2026 | 161.7 |
| May 2026 | 166.3 |
| April 2026 | 162.4 |
| March 2026 | 160.3 |
| February 2026 | 139.3 |
| January 2026 | 149.4 |
| December 2025 | 153.9 |
| November 2025 | 148.0 |
| October 2025 | 152.8 |
| September 2025 | 151.7 |
| August 2025 | 150.4 |
| July 2025 | 153.8 |
| June 2025 | 156.8 |
| May 2025 | 165.1 |
| April 2025 | 158.9 |
| March 2025 | 150.6 |
| February 2025 | 141.4 |
| January 2025 | 146.5 |
| December 2024 | 148.7 |
| November 2024 | 148.2 |
| October 2024 | 148.1 |
| September 2024 | 144.8 |

## API

```
curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/AR.ECOACT.M.NSA"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/AR.ECOACT.M.NSA",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
```