At the same time, it indicates that: “In July 2022, the diffusion index (IDCIF) is found in 20%. This means that of the ten series that make up the leading index, two present significant positive variations: the general index of the trade stock market and the Merval, both series in real terms. “
With regard to the trend-cycle series used as a reference (which presents data until May 2022), it is observed that the monthly Economic Activity Estimator (EMAE) grows 0.38% compared to the previous month.
The Leading index, It is an indicator that allows anticipating the changes in the trend of economic activity throughout the cycle. The index consists of ten selected series. These ten components are:
- The General Index of the Stock Exchange (IGBC), deflated by a consumer price index.
- The Argentine Merval (M.ar), deflated by a consumer price index.
- The monetary aggregate M1 (total), deflated by a consumer price index.
- The official FOB price of soybeans (USD/ton.).
- Car sales to dealers.
- The collection of the Value Added Tax (VAT), deflated by a consumer price index.
- The cement office to the domestic market.
- Our consumer trust index (ICC).
- Industrial production index (IPI-FIEL) for non-metallic minerals.
- Industrial Production Index (IPI-FIEL) for steelurgy
Source: Ambito
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