Argentina: Industrial output growth rises in April
Latest reading: Industrial output expanded 8.5% compared to the same month of the previous year in April, which was above March’s 5.0% increase and marked the fifth straight month of growth following more than a year of contraction. Gains were seen across a range of industrial components; the latest data signals how the sector is bouncing back from the fiscal austerity and hyperinflation that depressed industry during 2024.
On a monthly basis, industrial output rose 2.2% in seasonally adjusted terms in April, rebounding notably from March’s 3.9% fall and marking the best result since August 2024. Meanwhile, the trend improved notably, with the annual average variation of industrial production coming in at minus 2.7%, up from March’s minus 4.8% reading.