Argentina’s economy grew 2.0% year-on-year in the second quarter of 2026, slowing from a 2.3% increase in the previous quarter, but beating forecasts of a 1.6% expansion. The strongest sector gains came from fishing (44.7%), mining and quarrying (16.4%), and agriculture, livestock, hunting and forestry (6.9%). Other notable expansions were recorded in electricity, gas and water (5.0%), financial intermediation (4.8%), and hotels and restaurants (1.6%). In contrast, manufacturing contracted 2.1%, while public administration and defense declined 1.4%, marking the weakest performances. On the demand side, exports rose 13.7% year-on-year, leading growth, while private consumption increased 0.4% and public consumption fell 4.1%. Gross fixed capital formation contracted 11.1%, while imports of goods and services fell 8.6%. On a quarter-on-quarter basis, the economy contracted 0.6% in seasonally adjusted terms.