Argentina: Industrial output growth ebbs in March
Latest reading: Industrial production rose 5.2% year on year in March (February: +5.6% yoy). The slowdown was due to weaker readings for machinery and equipment, chemical products, food and beverages plus car production. That said, March’s reading was still the fourth straight month of growth following 18 consecutive months of contraction.
On a monthly basis, industrial output dropped 4.5% in seasonally adjusted terms in March, contrasting February’s 0.3% expansion and marking the worst result since December 2023. Meanwhile, the trend improved, with the annual average variation of industrial production coming in at minus 4.7%, up from February’s minus 7.0% reading.