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ARGENTINA: Q2 GDP Data Expected At 2000BST

ARGENTINA
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  • Real GDP is expected to fall by another 1.7% q/q in the second quarter, following a 2.6% q/q decline in Q1 (2000BST/1500ET). In annual terms, analysts expect the economy to shrink by 1.4% y/y, improving from a 5.1% y/y contraction in Q1. The latest BCRA survey showed that analysts see real GDP falling by 3.8% this year, slightly weaker than the 3.7% decline expected in the previous survey.
    • 2Q GDP YoY, est. -1.4%, prior -5.1%
    • 2Q GDP QoQ est. -1.7%, prior -2.6%
  • In other news, YPF signed an agreement with Bentia Energy to exit three conventional oil and gas fields that make up the Neuquen Sur cluster. The deal will now be submitted to the provincial governments to approve the transfer process.
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  • Real GDP is expected to fall by another 1.7% q/q in the second quarter, following a 2.6% q/q decline in Q1 (2000BST/1500ET). In annual terms, analysts expect the economy to shrink by 1.4% y/y, improving from a 5.1% y/y contraction in Q1. The latest BCRA survey showed that analysts see real GDP falling by 3.8% this year, slightly weaker than the 3.7% decline expected in the previous survey.
    • 2Q GDP YoY, est. -1.4%, prior -5.1%
    • 2Q GDP QoQ est. -1.7%, prior -2.6%
  • In other news, YPF signed an agreement with Bentia Energy to exit three conventional oil and gas fields that make up the Neuquen Sur cluster. The deal will now be submitted to the provincial governments to approve the transfer process.