In May, industrial production contracted 4.8% over the same month last year, which was below the 0.5% drop recorded in April. The reading marked the largest decline since January 2009 and contrasted market expectations of a 0.8% increase. The drop stemmed mostly from a 21.2% decrease in the production of cars compared to the same month last year. On a monthly basis, industrial output fell a seasonally adjusted 3.5%, contrasting the 0.1% rise recorded in April. Accordingly, the trend moderated further, with annual average growth in industrial production stepping down from 4.3% in April to 3.1% in May, which marks the lowest level since March 2010.
Industrial production records largest drop in more than three years
June 28, 2012
Looking for forecasts related to Industry in Argentina? Download a sample report now.
Argentina Industry Chart
Note: Year-on-year changes and annual average variation of industrial production in %.
Source: Argentina National Statistical Institute (INDEC) and FocusEconomics calculations.
Argentina Economic News
October 4, 2016
At its weekly meeting on 4 October, the Central Bank of the Argentine Republic (BCRA) decided to keep the 35-day Lebac interest rate unchanged at 26.75%, matching the previous week’s decision.
September 30, 2016
In August, industrial production contracted 5.7% over the same month of the previous year, according to the latest data released by the National Statistical Institute (INDEC).
September 28, 2016
In July, the monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Económica) declined 5.9% year-on-year, which was below the 4.7% fall in June and represented the steepest contraction since July 2009.
September 28, 2016
In August, exports expanded 12.0% over the same month last year, which contrasted the 10.8% decrease seen in July and marked the highest reading since May 2013.
September 26, 2016
In August, consumer prices in the greater Buenos Aires capital area increased 0.2% over the previous month, according to recent data published by the National Statistics Institute (INDEC).