Social Security affiliation increased by 223,700 people and unemployment fell by 62,700. Adjusting for seasonal factors, job creation is estimated to have reached 56,000 contributors, while unemployment decreased by 17,000. No effects from the extraordinary regularization process are yet visible in labor market records.

Economic activity increased by 0.6% q/q in 1Q26, one-tenth below expectations, and with a less favorable composition than anticipated: investment and goods exports surprised on the downside. Growth was driven by productivity per hour, despite a decline in hours worked.