Overview

• The Orlando J. Ferreres IGA shows activity up 0.7% from July on a seasonally adjusted basis and 5.5% year over year, with a 5.8% increase for January through August.
• Financial intermediation, wholesale trade, manufacturing, and mining drove the monthly improvement, according to the private report.
• Manufacturing rose 1.7% year over year and 1.1% month over month seasonally adjusted, helped by stronger oilseed processing and a pickup in autos.
• Agriculture fell 2.2% year over year and electricity, gas, and water declined 4.7%, while mining expanded 4.9% in August and 8.0% in the year to date.
• The outlook is described as challenging as exchange‑rate pressures and recent political setbacks raised uncertainty, with reported U.S. support easing market stress and activity seen hinging on October’s election.