Argentina: Industrial output rebounds in February
Industrial production increased 8.7% year-on-year in February (January: -0.8% yoy). Looking at the details of the release, the reading largely reflected increasing output in the manufacture of textiles, automotive and wood products.
On a calendar-adjusted monthly basis, factory output rose 4.1% in February (January: -6.2% mom). Meanwhile, annual average industrial production growth increased to 15.9% in February (January: +15.3%).