The last week of January brings a series of key indicators for the Argentine economy. What data will INDEC publish? According to the Argentine News Agency (NA), the National Institute of Statistics and Censuses (INDEC) will publish key data for the local economy, which will be closely followed by the Government. Economic activity, wholesale inflation, and salaries. The body led by Marco Lavagna will begin the last week of January by reporting on the wholesale prices index and the construction cost index (ICC) for December. The Monthly Estimator of Economic Activity (EMAE) for November will also be released. In the last official data, economic activity recorded a year-on-year increase of 3.2% in October, although it decreased by 0.4% compared to the previous month. The salary index will also have a strong economic value, as it remains to be seen whether it remained above November's inflation (2.5%) or not. The rest of the data published by INDEC: Foreign trade (December). Hotel occupancy (November). Income generation (third quarter of 2025). Supermarkets, wholesale supermarkets, and shopping centers (November). The Central Bank continues to buy reserves. The Central Bank concluded the tenth consecutive round of reserve purchases, accumulating almost US$700 million. The Central Bank of the Argentine Republic (BCRA) closed the week with its tenth consecutive session of acquiring reserves. In particular, it closed the week with a balance of US$44.607 billion in gross international reserves. Broken down by day, the purchases are as follows (from January 5 to the present): US$21 million. US$83 million: completed the podium as the third largest purchase. US$9 million. US$62 million. US$43 million. US$55 million. US$55 million. US$187 million: became the largest purchase. US$47 million. US$125 million: became the second largest purchase. Last Friday's purchase was US$125 million, amid comments from the International Monetary Fund (IMF) that reinforce the scheme being carried out by the Central Bank. How the dollar operated. The official exchange rate closed at $1,455 and lost $35 during the week. Since the start of 2026, the US dollar has lost $25 in its Banco Nación quotation. However, this particular week it fell 35 pesos and marked one of the lowest levels in ten days (when it was trading above $1,490). Blue Dollar: Buy $1,485 / Sell $1,505. Official Dollar: Buy $1,405 / Sell $1,455. MEP Dollar: Buy $1,471.5 / Sell $1,472.2. Cable Dollar (CCL): Buy $1,511.8 / Sell $1,512.7. Card Dollar: $1,891.5.
