We estimate that the August IGAE will post annual growth of 2.7%

Summary

We expect economic activity to continue growing, in view of the fact that industrial production enjoyed MoM growth in August of 0.37% (2.1% in annual terms), together with forecasts that the Services and Agriculture sectors will maintain a moderate rate of increase. We should note that in July the IGAE posted an annual increase of 2.5%, sa (0.41% MoM, sa) due to significant growth in all the sectors that shape it; viz, Farming (3.98% MoM, sa ), Services (0.34% MoM, sa) and Industry (0.28% MoM, sa)

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