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Luis Caputo

  1. Argentina's economic activity shrinks 1.7% year on year in August, the sharpest fall of 2026

    Data from Argentina's national statistics agency INDEC showed economic activity fell 1.7% year on year in August, the biggest monthly annual decline this year and the largest in two years; the previous larger drop was 2.4% in September 2024. Activity for January to August was still 1.2% higher than a year earlier, and on a seasonally adjusted basis August edged up 0.1% from July. Manufacturing shrank 3.2% and commerce 3.5%, while mining grew 11.1%. Economy Minister Luis Caputo stressed the monthly rebound and said the trend-cycle indicator was 6.6% above December 2023.

    Oct 22, 2026 Morning