Due to the reopening of more activities after the strict confinements to prevent the spread of Covid-19, the manufacturing industry showed a monthly recovery of 13.8% in June. Although there was a 6.6% drop in comparison with the same month in 2019, the year-on-year decline was the smallest since February. The food and beverage sector rose by 4.8% compared with June last year, while the chemicals sector saw a 7.6% improvement. Since February there has been no year-on-year growth in the industry. The industry grew 13.8% per month in June
UNICEF Argentina today presented a new estimate of child poverty in the country and the data is alarming: projections show that between December 2019 and December 2020, the number of poor girls and boys will increase from 7 to 8.3 million. Thus, by the end of the year, the percentage of poor children would reach 62.9%.
The international price of crude oil crossed the border of $45 fixed with the “Creole barrel”, and if it remains at these values for nine consecutive days, the national government has the power to leave without effect the measures to support the activity of hydrocarbons or increase the floor to $50.
One day after the announcement of the agreement for the restructuring of Argentina’s foreign debt, Wall Street shares rose 4.4% to trade at $1.225 billion. In this way, the company’s valuation exceeds $60 billion, a historical record, and has accumulated rise of around 115% since December. Currently, the Argentine company has operations in more than 15 countries in the region.
Total soybean production reached 49.6 mn tons, with yields of 29.4 quintals per hectare, and planting of 16.8 million hectares. Compared to the previous cycle, despite having the same area planted, water stress generated interannual falls of about 12% in yield and 10% in production. The participation of the State in agricultural income was almost 70% last June, where 26% of total taxes are co-shared, 67% are national (not co-shared), 5.2% are provincial and 0.8% municipal. Producers invested an average of $741 per hectare but made a profit of just $4.