Argentina Business Confidence Falls to -20.2% in August; 16.5% of Firms Plan Workforce Adjustments

Argentina's business confidence index deteriorated further in August, reaching -20.2%, with 16.5% of industries expecting to adjust their workforce. The index has remained in negative territory since its inception in 2025, indicating persistent pessimism. This suggests continued economic contraction and potential labor market weakness, though the specific drivers are not detailed.