Economy of Argentina recovered in June, growing by 2.5% on monthly basis
RIO DE JANEIRO, BRAZIL – After four consecutive declines, economic activity recovered in June, recording a monthly growth of 2.5% (seasonally adjusted), only 2.2% below the pre-pandemic level (February 2020), according to the National Institute of Statistics and Censuses (INDEC) on Thursday.
The monthly estimate of economic activity (EMAE) also showed a 10.8% year-on-year improvement, the state agency said. The EMAE accumulated in the first half of the year a year-on-year growth of 9.7%.
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After four consecutive declines, economic activity rebounded in June due to traffic restrictions resulting from the second Covid wave. In the first half of the year, the EMAE posted year-over-year growth of 9.7%.
Thirteen of the 15 sectors surveyed grew year-on-year, seven with double-digit increases and fisheries with triple-digit increases (108.7%).
The largest contributors to growth were again industry (16.8% year-on-year) and trade (13.2%), both of which grew eight times in a row.
They were followed by real estate, renting, and business activities (12.3%), other service activities (79.4%), construction (32.3%), and transport and communications (9.3%).
The only sectors to register a declines were agriculture (-4.5%) and financial intermediation (-0.9%).
Compared to June 2019, 6 out of 15 sectors grew: electricity, gas and water supply (14.8%), industry (11.4%), trade (7.6%), real estate, renting and business activities (2.3%), financial intermediation (1.9%) and fishing (0.8%).
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Live Market IntelligenceBrazil — Live Market Board
Rio Times · Live Market Intelligence
Brazil — Live Market Board
-1.11%
206,756.11
-1.11%
66,746.78
+1.06%
10,974.58
-0.62%
2,883,107
+1.95%
2,555.55
+0.96%
60,645.95
-0.68%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 206,756.11 | -1.11% | +21.85% | 209,066.90 | 168,310 | 167,142 | — |
| USD/BRL | 5.16 | +0.01% | -5.13% | 5.16 | 5.18 | 5.14 | — |
| SELIC | 14.00% | — | — | — | — | — | |
| PETR4 | 41.64 | -0.05% | +35.19% | 41.66 | 41.97 | 41.15 | 41,499,400 |
| VALE3 | 72.97 | +0.83% | +30.75% | 72.37 | 73.54 | 72.66 | 17,658,000 |
| ITUB4 | 38.60 | -1.03% | +4.57% | 39.00 | 39.34 | 38.39 | 29,487,800 |
| BBDC4 | 16.85 | +0.36% | +3.50% | 16.79 | 16.90 | 16.67 | 19,416,900 |
| BBAS3 | 19.37 | +0.47% | +0.73% | 19.28 | 19.44 | 19.16 | 11,069,200 |
| B3SA3 | 14.26 | -0.21% | +12.73% | 14.29 | 14.47 | 14.11 | 33,037,800 |
| ABEV3 | 14.89 | -0.80% | +21.91% | 15.01 | 15.07 | 14.81 | 16,453,100 |
| WEGE3 | 47.59 | +0.49% | +29.99% | 47.36 | 48.08 | 47.36 | 3,364,600 |
| PRIO3 | 59.14 | -0.19% | +50.67% | 59.25 | 59.81 | 58.74 | 3,325,600 |
| SUZB3 | 41.33 | +2.35% | -23.55% | 40.38 | 41.48 | 40.35 | 3,914,900 |
| RENT3 | 34.68 | -0.09% | +0.84% | 34.71 | 34.96 | 34.35 | 7,979,100 |
| AZZA3 | 15.89 | -2.63% | -53.76% | 16.32 | 16.42 | 15.82 | 1,330,300 |
| CSNA3 | 4.30 | +0.47% | -42.65% | 4.28 | 4.41 | 4.26 | 10,076,100 |
| GGBR4 | 24.69 | +2.19% | +51.38% | 24.16 | 24.85 | 24.18 | 7,047,600 |
| ENEV3 | 24.21 | -1.38% | +70.49% | 24.55 | 24.64 | 23.99 | 9,297,000 |
This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief