Argentina: Industrial output rebounds in November
Industrial output grew 4.5% year-on-year in November, swinging from October’s 3.1% drop and marking marked the strongest increase since February 2018. November’s reading was driven by expansions in the production of automotive and other transport equipment and of metal products.
On a calendar-adjusted monthly basis, industrial output rose 3.5% in November (October: -1.5% mom). Meanwhile, the trend improved, with the annual average variation of industrial production coming in at minus 7.5% in November, up from October’s minus 8.3% reading.