Argentina Industrial production June 2022

Argentina

Argentina: Industrial output growth softens in June

August 10, 2022

Industrial production rose 6.9% year on year in June (May: +12.1% yoy). Looking at the details of the release, June’s growth was underpinned by rises in production of automotive vehicles, basic metals and textiles.

On monthly basis, factory output increased 2.6% in calendar-adjusted terms in June, contrasting May’s 0.7% decrease. Meanwhile, annual average industrial production growth fell to 8.0% in June (May: +9.0%), signaling a worsening trend in the industrial sector.

LatinFocus Consensus Forecast panelists expect industrial production to expand 2.9% in 2022, which is unchanged from last month’s forecast. For 2023, the panel forecasts industrial output to rise 1.9%.


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