LatinNews Daily - 21 July 2022

In brief: Argentina’s economic activity increases

* Argentina’s national statistics institute (Indec) has released the latest figures on its monthly index of economic activity (Emae), showing that economic activity increased 0.3% in May 2022 as compared to the previous month and 7.4% year-on-year. The sectors which posted the highest growth year-on-year in May 2022 were hotels & restaurants (+44.3%), mining & quarrying (+14.2%) and construction (+13.8%). The only sector to register a decrease compared to May 2021 was agriculture, farming, and forestry, down 5.3%.

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