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Argentina Industrial production February 2023

Argentina: Industrial output dips in February

Industrial output fell 1.4% year on year in February (January: +6.7% yoy). The figure came on the back of a contraction in machinery and equipment production. In addition, chemical products production contracted at a steeper rate. Lastly, food and beverages output decreased at a sharper rate, while automotive vehicles output decelerated.

On a calendar adjusted monthly basis, industrial output fell 1.3% in February (January: +0.4% mom). Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 4.3% in February, down from January’s 5.0% reading.

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