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Argentina economic activity rises 2.7% in June, above expectations
Fishing, mining and agriculture drove the gain, with 12 of 15 sectors posting year-over-year increases, government data showed.
- On Thursday, Argentina's national statistics agency INDEC reported economic activity expanded 0.8 percent from May, surpassing the 0.3 percent median estimate, with year-on-year growth hitting 2.7 percent.
- Growth was driven primarily by mining, quarrying, and fishing, with 12 of the 15 sectors tracked by the EMAE posting year-on-year gains; public administration, electricity, and education sectors recorded declines.
- Despite the momentum, inflation remains a challenge for President Javier Milei's government, with consumer prices rising 2.1 percent in July after three months of slower readings.
- To "reactivate the economy," Economy Minister Luis Caputo scrapped a 2001 restriction allowing dollar lending to all companies, whereas access was previously limited to firms generating dollar revenues.
- Milei's government has sharply cut public spending to curb inflation while seeking to revive growth in industrial, consumer, and construction sectors to sustain the June momentum.
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Argentina's economic activity grew by 2.7% in June compared to the same month of 2025, beyond the expectations of analysts, which expected an increase of 1.9%. (ANSA)
·Rome, Italy
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Economic activity increased 2.7% year-on-year in June 2026 and closed an increase of 1.9% in the first half of the year, pushed by the 2 major
Coverage Details
Total News Sources16
Leaning Left0Leaning Right1Center8Last UpdatedBias Distribution89% Center
Bias Distribution
- 89% of the sources are Center
89% Center
C 89%
11%
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