PREVIEW-Argentina June industry output seen +11.0 pct yr/yr

WHAT: Argentina industrial production in June (ARIO=ECI: )

WHEN: Thursday, July 15 at 4 p.m. (1900 GMT)

REUTERS FORECAST: 11.0 pct yr/yr growth, according to the
median view. The seven analysts surveyed gave non-seasonally
adjusted forecasts ranging from +9.1 pct to +12.5 pct

FACTORS TO WATCH:

Argentina’s industrial output figure is expected to soar
again in June after jumping 10.2 percent in May year-on-year,
spurred by brisk activity in the automotive, steel and aluminum
sectors.

Analysts said the figure will also jump from a low base of
comparison due to the global recession last year. Industrial
production rose just 0.2 percent in June 2009.

MARKET IMPACT:

Another strong factory output reading would be further
evidence that Latin America’s No. 3 economy is bouncing back
quickly from last year’s sharp slowdown. Longer-term prospects
for local industry are clouded by high inflation, estimated by
private economists at between 25 and 30 percent annually, and
surging wage demands that eat into the local currency’s
competitive edge over those of key trade partners such as
Brazil.

LINKS:

Argentina’s bureau of statistics website:
http://www.indec.gov.ar/

For historical Argentine statistical data in Spanish,
please see pages (ARECI09: ) through (ARECI14: )

To see a calendar of Argentine economic indicators click on
(ECONAR: ) or type in ECONAR on a quote page and press enter.

For separate pages detailing Argentine analysts’ economic
forecasts, click on: (ARECI05: ) (ARECI06: ) (ARECI07: ) (ARECI08: )
(Reporting by Walter Bianchi; Writing by Helen Popper, editing
by Philip Barbara)
([email protected]; +54 11 4318 0655; Reuters
Messaging: [email protected]))

PREVIEW-Argentina June industry output seen +11.0 pct yr/yr