On the other hand, the INDEC will release the data on the Use of the Installed Capacity of the Industry (UCII) for August. In July, it stood at 64.1% and meant an advance of 7.3% percentage points (pp) above the same month in 2020, in which it registered 56.8%, thus accumulating the fifth consecutive increase. Industry is one of the sectors that is better able to emerge from the pandemic. A report prepared by the UIA Study Center revealed that in the first seven months of 2021, the industrial sector accumulated an increase of 19.3% year-on-year and 5.3% compared to 2019.
According to the report, the biggest increases were seen in sectors such as Automotive, with an increase of 49.8% compared to 2020 and 47.5% compared to 2019, with good performance both in sales to the domestic market and in exports. For its part, the Consumer electronics had an annual increase of 26.2% and 21.1% compared to the same month of 2019 from the boost in the production of air conditioners and cell phones.
Tuesday
The figure of the basic food basket (CBA) and total basic food basket (CBT) of September. In August, the previous figure, the monthly variation of the basic food basket (CBA) was 0.7% compared to July, while the total basic basket (CBT) presented an increase of 1.2%, as announced today the new report of the National Institute of Statistics and Censuses (Indec). Thus, in the first half of 2021, the CBA accumulated 25.8%, while that of the CBT resulted in 22.9%.
Wednesday
The Index of Wholesale Prices (SIPM) of September 2021. After the sharp deceleration in wholesale prices, falling 0.9 percentage points in July compared to the previous month, in August they returned to the upward path and ended at 2.5% and everything seems to indicate that it will continue in the same line also for September.
Last month, the increase was due to the rise of 2.6% in domestic products and 1.3% in imported products. The general level of the Wholesale Domestic Price Index (IPIM) is in line with the Consumer Price Index (CPI) that reflects the evolution of retail inflation.
Thursday
The INDEC will release its Monthly Economic Activity Estimator (EMAE) for the month of August. In July, it showed a monthly growth of 0.8% without seasonality, thus accumulating its first two consecutive increases since the beginning of the year. However, this percentage implied a deceleration with respect to the strong rise that it had shown in June, due to the removal of the restrictions due to the second wave, and the economy continues to operate still below the pre-pandemic level. With greater openings, this growth is expected to increase but may be affected by other macroeconomic indicators.
Finally, that same Thursday, also the central bank will publish the Credit Conditions Survey (ECC), which is a quarterly survey that aims to collect additional information on the behavior and trends observed in the bank credit market.
The information obtained from the CCP constitutes a relevant input for the BCRA in its task of monitoring financial stability conditions, as well as for preparing and evaluating monetary and financial policy.
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