FX pressure is building again, but transport and trade show selective reopening gains.
The recovery signal remains uneven. Banking indicators improved through tighter FX gap and rising deposits, while inflation re-accelerated and the bolívar weakened to fresh lows; meanwhile, flights and non-oil exports point to continued reopening, but oil volumes softened and power rationing is an immediate operating risk.
By the numbers
FX Trust Gap
13.2%
-22.0 pts vs previous
Inflation (MoM)
13.8%
+7.5 pts vs previous
International Flights (weekly)
55 flights/week
+37.5%
Oil Exports (volume)
1,100 kbd
-12.0%
Oil Production
1,070 kbd
-0.2%; 31.0% of 1997 peak
Non-Oil Exports (BCV)
USD 210m
+2.4%; new series high
Startup spotlight
Banco de Venezuela
Reported 12% quarterly deposit growth, reinforcing the banking system’s nominal expansion.
What to watch
- Next FX fixing / dailyWatch whether the official and parallel rates continue making new highs after today’s move to fresh lows for the bolívar.
- August 2026Monitor flight normalization at Maiquetía after temporary terminals were installed to reactivate operations.
- August 2026Track implementation of the executive’s electricity rationing plan and any effect on industrial uptime.
- Next oil update / June-July data windowChevron headlines are now mixed: a $500m Petropiar expansion deal sits against reports it could slow expansion.
Reading list
- Productores agropecuarios en Bolívar denuncian que tienen dos meses sin gasoil — Crónica Uno
- Agapure propone el Plan Master Ganadero para estructurar políticas orientadas al crecimiento del sector — La Patilla
- Spider-Man es la película más taquillera de 2026 — El Nacional
- La crisis migratoria en Ceuta satura el sistema de acogida de menores tras superar su capacidad crítica — El Nacional
- Transparencia Venezuela revela manejo oscuro de más de $6.300 millones de Fondo Petrolero — El Nacional
- De Pdvsa a Chevron: la historia de una ejecutiva que reconstruyó su carrera tras exiliarse de Venezuela