The previous month, the July data showed a 20.1% year-on-year contraction, indicating that the industrial sector is far from the “V-shaped rebound.”
In turn, INDEC will also publish the indicators of the current situation of construction activity of the month of July that describe the level of activity in the sector month by month.
The latest report is from June and indicated a drop of 35.2% compared to the same month in 2023. The cumulative total for the first six months of the year showed a drop of 32.7% compared to the same period in 2023.
Tuesday
The debate between Donald Trump and Kamala Harris
The Vice President of the United States and Democratic candidate for the White House, Kamala Harrisand the former Republican president Donald Trump They will face each other next Tuesday at 10 pm (Argentine time) in what will be the first televised debate between the two, in view of the elections to be held on November 5.
The debate, which will take place at the National Constitution Center, located in Philadelphia, Pennsylvania, It generates global expectations because it could leave one candidate in a better position than another.when the polls do not show large percentage differences and predict an open ending. Although the markets usually play in their own league, they could have a movement accordingly.
Employment data
The Department of Labor will publish the Report on the Situation and Evolution of Registered Employment (SIPA) for the month of June. The Labor Indicators Survey (EIL) for July will also be published.
Wednesday
Javier Milei’s veto on retirees
Next Wednesday, September 11, the Chamber of Deputies will discuss Javier Milei’s veto to the reform of retirement benefits, and it will be decided whether to insist on the legislation or whether the President’s measure prevails.
In the days leading up to the session, the The ruling party is seeking to gather the necessary support to avoid a tough defeat in Congress. For its part, the opposition – led by members of the radicalism and the Union for the Fatherland, seeks to achieve the majority of the two parts of those present in both cameras to insist on the project.
US inflation
US inflation data for August will be released, and is expected to fall to 2.6% annually from 2.9% previously.
Argentine inflation
INDEC will publish the CPI number for August. It stood at 4% in July and the latest Market Expectations Survey (REM) showed that analysts expect a 3.8% m/m.
On the same day, the basic food basket (CBA) and total basic basket (CBT) for the same month will be reported.
Thursday
ECB decision
On Thursday we will have the monetary policy decision of the European Central Bank (ECB), which is expected to cut its monetary policy rate by 25 bps to 4%.
Industry
At the local level, the Installed Capacity Utilization (UCII) for the month of July will be published.
Source: Ambito
