Days before INDEC published the official economic activity data of July, one of the most listened to private consultants He shared his own projections with data at all encouraging for the government.
The report prepared by Orlando Ferreres & Asociados identified a 1% contraction at the general activity compared to Juneand being only 0.3% higher than the one in December last year.
These numbers, highlight in the consultant, do nothing but to show the difficulties that the activity is having to show an expansion in 2025. In turn, the interannual comparison reflects a slowdown, with the measurement of the seventh month recording a 3.6%rise, carrying the accumulated of the period to an advance of 6.0%.
In addition, when equating figures with what happened in 2024, it is necessary to take into account the low comparison base to give context to the green numbers that the report throws. When the performance of each sector is analyzed separately, the financial intermediation such as the fastest growing, followed by mines and quarries and the construction, which is leaving a deep contraction, continues to stand out.
On the other end, the largest contraction of July occurred in the manufacturing industry, which reported poor figures in key sectors such as food and automaker. The panorama thinking at the end of the year is complex. “The macroeconomic context deteriorated, already political level also begins to emerge cracks in the government, leading to a general increase in uncertainty,” they said from OJF & Associates.
In the ruling party, they believe in the consultant, they bet on a single letter to reverse this trend: a good electoral result that helps “rearrange expectations and order economic march.”
