It seems to me that there are multiple answers to this question. I will stress here three. First, the reaction functions of various categories of agents that are built into macro models have to be ultimately based on micro-level analysis.
In particular, during July and August, the latest months for which full production data are available, the General Indicator of Economic Activity (IGAE), a monthly GDP proxy, exhibited a year-on-year average rate of growth of 3.8 percent, slightly higher than the corresponding figure in the previous quarter.