Overview

• Orlando Ferreres’ IGA shows activity up 0.7% from July on a seasonally adjusted basis and 5.5% year over year, with an eight‑month gain of 5.8%.
• Manufacturing posted a rebound of 1.7% annually and 1.1% month over month, lifted by a sharp pickup in oilseed processing and a partial recovery in autos after a July plant stoppage.
• Financial intermediation, wholesale trade, manufacturing, and mines and quarries led the monthly improvement, while agriculture fell 2.2% and electricity, gas and water dropped 4.7% year over year.
• Mines and quarries grew 4.9% in August and 8% so far this year, driven chiefly by higher crude oil output.
• The consultancy flags currency tensions and political fragility, and markets await INDEC’s upcoming industrial data to validate the private readings.