Weekly Report - 26 July 2007 (ISSN 1741-7422)

ARGENTINA | Industrial growth slows down. Industrial activity in Argentina in June was 0.1% down on the previous month, though it remained 5% higher than a year earlier. Production in the first half of the year was 6.4% higher than in the comparable period of 2006. Overall economic activity in May was up 1.4% on April, taking the five-month total to a level 8.2% higher than a year earlier. President Néstor Kirchner hailed this as 'the most important month-on-month growth index ever'. Private economists have been predicting GDP growth of about 7.7% this year. First-quarter growth was 8%.

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