\t\t\t\t\t \t\t\t\t\t \t\t\t\t\t Investments in Argentina posted their eighth consecutive year-over-year decline in June, as the accumulated drop in the first half of 2026 compared with the same period last year was 7.6%.<\/p>\n
This data comes from a survey conducted by Orlando Ferreres & Asociados. The consulting firm\u2019s Monthly Gross Domestic Investment Index (in Spanish, IBIM) was 6.2% lower than a year ago. Compared to the previous month, the index contracted by 0.4%, an extension of the \u201csawtooth\u201d pattern of alternating rebounds and declines.<\/p>\n
Compared to June 2025, the worst figures were seen in the durable production equipment segment. For domestically produced goods, the decline was 9.5%, while for imported goods, the figure showed a 12.7% drop.<\/p>\n
The exception was investment in construction, which showed a slight improvement of 0.4% compared to June 2025.<\/p>\n
\u201cAs we reach the midpoint of the current year, investment continues to hover at very low levels, and there are still no clear signs pointing to a recovery, although certain specific sectors posted better figures in the sixth month of the year. Construction managed to return to positive territory, and we also saw slight increases in heavy commercial vehicle registration figures,\u201d the report stated.<\/p>\n
The consulting firm\u2019s seasonally adjusted data showed that June\u2019s investment was the third-lowest since October 2024, surpassed only by April of this year and November of last year.\u00a0<\/p>\n
Looking ahead, while the firm does not foresee a scenario that would allow for a sustained rebound, it expects \u201cthe contraction in investment to continue slowing.\u201d\u00a0<\/p>\n
\u201cThe factor that could change this slow trend is the investments announced under the RIGI program, but deadlines and timelines for these investments are flexible and subject to some discretion,\u201d the report concluded.<\/p>\n
Doubts about the RIGI effects The figures show that investment is far from being one of the drivers of economic activity at present, as the government claims.\u00a0<\/p>\n
On the contrary, improvements in GDP have been driven by exports and private consumption. Better records for the latter are linked to methodological issues regarding how INDEC measures this variable.<\/p>\n
According to the latest official data, investment fell 11% year-over-year in the first quarter of 2026, marking its fourth consecutive decline on a seasonally adjusted basis. Furthermore, think tank Fundar noted that investment accounted for just 14.3% of GDP \u2014 a \u201chistoric low\u201d and \u201cfar below the necessary 25%.\u201d<\/p>\n
Regarding the potential RIGI contributions, the organization maintained that the investment regime is a response to a \u201creal problem\u201d \u2014 namely, the low level of investment the country was attracting heading into 2023 \u2014 but that it is \u201cpoorly designed.\u201d\u00a0<\/p>\n
They pointed out \u201ctwo serious problems\u201d: the \u201cexcessive benefits granted to sectors that did not need them because they were already investing,\u201d such as mining and energy; and the lack of a strategy aimed at creating linkages between the most dynamic sectors and other activities that could serve as suppliers.<\/p>\n
For Misi\u00f3n Productiva, a network of professionals with experience in both the public and private sectors, the negative trend in investment can be explained by five factors: weak demand and dwindling wages, the standstill in public works, the poor performance of private construction, the lack of credit and policies to support investment, and uncertainty regarding the future sustainability of the economic model.\u00a0<\/p>\n
\u201cCurrent growth, supported mainly by agriculture, mining, and energy, is insufficient to generate broad-based investment across the economy as a whole, which jeopardizes the country\u2019s sustained growth,\u201d the report added.<\/p>\n
Based on these figures, per capita investment stood 21.8% below the 2018 record, set prior to the currency crisis that marked the beginning of the end of Mauricio Macri\u2019s administration.\u00a0<\/p>\n
Emiliano Libman, a researcher at Fundar and the Center for Studies on State and Society (CEDES), told Herald sister publication \u00c1mbito that the sectors in which RIGI projects are concentrated represent \u201ctoo small a fraction of total investment to drive the overall figure.\u201d\u00a0<\/p>\n
\u201cIt might help stop the decline in investment, but I don\u2019t expect a rebound in the short term,\u201d he added.<\/p>\n
Originally published in \u00c1mbito<\/p>\n","protected":false},"excerpt":{"rendered":"
Investments in Argentina posted their eighth consecutive year-over-year decline in June, as the accumulated drop in the first half of 2026 compared with the same period last year was 7.6%. This data comes from a survey conducted by Orlando Ferreres & Asociados. The consulting firm\u2019s Monthly Gross Domestic Investment Index (in Spanish, IBIM) was 6.2% […]<\/p>\n","protected":false},"author":174,"featured_media":98741,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42,18111,810],"tags":[96,18109,10257],"class_list":["post-98740","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economics","category-investments","category-rigi","tag-economics","tag-investments","tag-rigi"],"_links":{"self":[{"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/posts\/98740","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/users\/174"}],"replies":[{"embeddable":true,"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/comments?post=98740"}],"version-history":[{"count":0,"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/posts\/98740\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/media\/98741"}],"wp:attachment":[{"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/media?parent=98740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/categories?post=98740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/tags?post=98740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}