*Argentina’s national statistics institute (Indec) has reported that the monthly estimate of economic activity (Emae) dropped by 0.3% in June as compared to the previous month and was down 3.9% year-on-year. The yearly decrease was double the 1.9% contraction forecast by analysts surveyed by newswire Reuters. This reverses the positive trend in the Emae seen in May, when economic activity increased by 0.7% in monthly terms and 1.9% year-on-year, breaking a three-month run of monthly contractions and a six-month run of yearly declines. In year-on-year terms, declines were registered in nine sectors including construction (-23.6%), manufacturing industry (-20.4%), and wholesale, retail, & repairs (-18.6%). The largest yearly increase was registered in the agriculture, livestock, hunting & forestry sector (+82.4%).
Back
LatinNews Daily - 22 August 2024
In brief: Argentina’s economic activity drops again in June
- COLOMBIA: Indigenous protest in Bogotá against Cauca violence
- In brief: International tourist arrivals soar in Peru
- BRAZIL: Gov’t launches ecological transformation plan
- In brief: Brazil boosts investment in paper and pulp industry
- GUATEMALA: Arévalo under attack from attorney general
- In brief: Costa Rica sees increase in tourism in July
- MEXICO: FGR advances investigation into Sinaloa DTO arrests
- In brief: Sheinbaum names new social security head
- ARGENTINA: Blow to Milei as intelligence funding blocked
- In brief: Argentina’s economic activity drops again in June