Argentina: Industrial output growth accelerates in August
Industrial output grew 7.6% year on year in August (July: +5.5% yoy). The result was chiefly driven by stronger growth in the production of food and beverages and automotive vehicles.
On a monthly basis, factory output rose 0.4% in calendar-adjusted terms in August, contrasting July’s 0.7% contraction. Meanwhile, annual average industrial production growth fell to 6.9% in August (July: +7.5%).