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LatinNews Daily - 18 July 2019

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In brief: Argentine business group expecting industrial activity to pick up

* The Unión Industrial Argentina (UIA), a local industrial sector business lobby, has released a new report which shows that in May industrial activity in Argentina contracted by 6.7% year-on year and by 8.6% in the first five months of 2019. However, the report expects that industrial activity will pick up in the next few months due to government policies aimed at stimulating private consumption, stability in the exchange rate, and improvements in salaries.