The skyline in Argentina

Argentina Industrial production July 2023

Argentina: Industrial output contracts at sharpest rate since August 2020 in July

Industrial production slid 3.9% year on year in July (June: -2.4% yoy). July’s result marked the worst reading since August 2020. July’s figure was partly due to a bigger drop in machinery and equipment output, which fell at the sharpest pace since May 2020. In addition, basic metals production weakened. Lastly, food and beverages production dropped at a sharper rate, while automotive vehicles production dipped at a steeper pace than in the prior month.

On a monthly basis, industrial output dropped 1.2% in calendar adjusted terms in July, easing from June’s 1.5% fall. Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 1.3% in July, down from June’s 2.1% reading.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest