Argentina: Industrial output expands at fastest pace in over two years in September
November 6, 2020
Industrial output rose 3.4% year-on-year in September (August: -7.0% yoy), marking the strongest increase since April 2018. Healthy expansions were recorded in the production of automotive and other transport equipment, food and beverages and oil and chemical products, which more than offset a sizable contraction in the production of textiles.
On a calendar-adjusted monthly basis, industrial output jumped 4.3% in September (August: -0.6% mom). Meanwhile, the trend improved, with the annual average variation of industrial production coming in at minus 8.2% in September, up from August's minus 8.9% reading.