Activity Trend
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Details
Methodology

• Input: EMAE level
• 3m SAAR: ((P(t)/P(t−3))^4 − 1) × 100
• Trend: OLS slope of last 6 obs (pp/month)
• Clamp: [-8, 12] to reduce spike distortion
• Thresholds: ±0.05 pp/month
ATLAS Activity Score
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Activity Regime
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Details
Methodology

• Input: EMAE level
• YoY: ((P(t)/P(t−12)) − 1) × 100
• Regime: absolute activity classification based on YoY
• Thresholds:
  – GROWING: YoY ≥ 2.0%
  – CONTRACTING: YoY ≤ -1.0%
  – otherwise: STABLE
Watchlist
EXPECTATIONS - GDP at constant prices
Source: REM - BCRA (feb-26)
LABOR MARKET
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PRIVATE CONSUMPTION
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