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ARGENTINA: July IP, Construction Activity Expected At 2000BST

ARGENTINA
  • On the data front, July industrial production and construction activity figures will be released at 2000BST(1500ET). In June, IP contracted by 20.1% y/y, while construction activity fell by 35.2% y/y. This will be followed by August CPI data on Wednesday, where analysts see monthly inflation remaining at 4.0% m/m.
    • July Construction Activity YoY, prior -35.2%
    • July Industrial Production YoY, prior -20.1%
  • Meanwhile, the government is due to present evidence today about potential crimes against humanity in the investigation carried out by the Prosecutor of the ICC against the Venezuelan government after the presidential election. This comes as reports emerge that Venezuelan security agents have stationed themselves outside Argentina’s embassy in Caracas, which is currently being guarded by Brazil after the expulsion of Argentina's diplomats. Brazil has said it is negotiating with Venezuela and won’t abandon the embassy.

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