Dollar consumption with credit card companies grew by 42% in June

According to the analysis made by First Capital Group based on Central Bank data, credit card consumption registered a 42.7% increase over the previous month. However, the work clarified that there was a fall of 62.4% year-on-year. Some post-pandemic travel offers and the need to incorporate technology for remote work may explain the reactivation of the use of the line in foreign currency.

Union strike in shrimp season would generate losses of $500 mn

The conflict unleashed by the United Maritime Workers Union (SOMU) with a general strike and the blockade of the processing plants of Puerto Madryn, Puerto Deseado and Caleta Olivia, put at risk the shrimp fishing season, which would mean the bankruptcy of fishing companies and the loss for the country of some 500 million dollars due to the impossibility of exporting the shrimp.

BCRA in July sold $226 mn

In the first three days of the month, the BCRA returned to the exchange arena but as a net seller. In those few rounds, it lost $226 million. Today, with less than $9 to $10 billion in net reserves, including the BCRA's gold, if the financial entity does not buy back reserves in a systematic way, the $200 per month will fall to the dollar COUNTRY at 97 pesos vs the blue dollar at 127 pesos.

July started with a 16% drop in car registrations

Patents in these first days are falling 16% compared to June, which projects a market for this month of 30,000 units or less against 37,000 registered the previous month. The sharp contrast explained by the lack of vehicles. Obstacles to imports, and long period plants closed due to the pandemic, generated a shortage of models.

ADRs rose 8.1% on Wall Street

The Argentine shares rebounded this Friday to over 8% on Wall Street (they flew up to 23.3% during the week), expecting the possibility of resuming negotiations between the government and the main creditors after the presentation of Argentina's new offer. Among the most significant increases of the day, the papers of Grupo Financiero Galicia (+8.1%), BBVA bank (+6.1%), Grupo Supervielle (+5.8%); and Banco Macro (+5.6%) appeared.