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Economic Activity Data Expected To Contract In May

ARGENTINA
  • Argentina economic activity likely contracted for a fourth consecutive month, following an increase in mobility restrictions, impacting performance in May. Falling industrial output (-5.0%) and construction (-2.9%) reinforce current Bloomberg estimates for a 2 percent contraction in May.
    • 2000BST/1500ET – Argentina June Trade Balance (Est. $1B vs $1.62B Prior)
    • 2000BST/1500ET – Argentina May Economic Activity Index (Est. -2.0% m/m vs -1.2% Prior)
    • 2000BST/1500ET – Argentina May Economic Activity Index (Est. 17.5% y/y vs 28.3% Prior)

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