Argentina: Economic activity growth steady in July
The monthly indicator for economic activity (EMAE) grew 11.7% year-on-year in July (June: +11.7% yoy). The most pronounced increases were recorded in the fishing, restaurants and hotels and construction sectors.
On a monthly basis, economic activity rose 0.8% in July, following June’s 2.5% increase which had marked the best result since June 2020. Meanwhile, the trend improved notably, with the annual average growth in economic activity coming in at 3.8%, following June ‘s 1.8%.