Argentina Industrial production August 2021

Argentina

Argentina: Industrial output growth accelerates in August

October 8, 2021

Industrial output rose 13.8% in year-on-year terms in August, which was a stronger expansion than July's 12.5%. Looking at the details of the release, the reading largely reflected growing output in the manufacture of metal products, textile and automotive and other transport equipment.

On a calendar-adjusted monthly basis, factory output fell 0.6% in August (July: -2.2% mom). Meanwhile, annual average industrial production growth rose to 13.6% in August (July: +11.6%).

Panelists participating in the LatinFocus Consensus Forecast expect that industrial production will expand 10.1% in 2021, which is up 0.1 percentage points from last month’s forecast. For 2022, the panel expects industrial output to rise 2.8%, which is up 0.2 percentage points from last month’s forecast.


Author: Massimo Bassetti, Senior Economist

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Argentina Industrial production Chart


Argentina Industry August 2021

Note: Year-on-year changes and annual average variation of industrial production in %.
Source: Argentina National Statistical Institute (INDEC) and FocusEconomics calculations.


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