LatinNews Daily - 05 June 2020

* Argentina’s national statistics institute (Indec) has published the April figures for manufacturing production and construction activity, which revealed that the fallout of the coronavirus (Covid-19) pandemic has led to the largest collapses for both since records began. The industrial production index (EMI) for manufacturing indicated a 33.5% drop compared with the same month in 2019, amounting to the greatest decrease since the EMI was started in 1994, exceeding the previous record 22.3% fall in March 2002 in the midst of one of the worst economic crises in Argentina’s history. The construction activity report (ISAC), meanwhile, showed a 75.6% downturn compared with April 2019, again far worse than the previous record 44.5% reduction in February 2002. The EMI also highlights that only a third of the companies surveyed were able to work as normal in April.

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