Industrial Production in Argentina
Argentina's economy recorded an average industrial production growth rate of -0.3% in the decade to 2022. In 2022, industrial production growth was 4.2%. For more industry information, visit our dedicated page.
Argentina Industry Chart
Argentina Industry Data
2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Industrial Production (ann. var. %) | -5.0 | -6.3 | -7.5 | 15.7 | 4.2 |
Industrial activity drops at sharpest pace since May 2020 in December
Industrial output dived 12.8% in year-on-year terms in December, which followed November's 4.8% decrease. The downturn marked the worst reading since May 2020. December's notable downturn was primarily driven by drops in machinery and equipment and basic metals production. Lastly, sales of food and beverages and automotive vehicles also fell. On a calendar-adjusted monthly basis, factory output nosedived 5.4% in December (November: -1.1% mom), the worst result since May. Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at an over two-year low of minus 1.8%, down from November's minus 1.0%.
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Argentine industry projections for the next ten years from a panel of 20 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Argentine industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Argentine industry projections.
Want to get access to the full dataset of Argentine industry forecasts? Send an email to info@focus-economics.com.
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