Argentina Industrial production November 2021

Argentina

Argentina: Industrial output growth accelerates in November

January 7, 2022

Industrial production expanded 10.1% year-on-year in November (October: +4.4% yoy). Looking at the details of the release, the reading largely reflected growing output in the manufacture of metal products, automotive and textile products.

On a calendar-adjusted monthly basis, factory output jumped 4.8% in November (October: -5.0% mom). Meanwhile, annual average industrial production growth rose to 15.4% in November (October: +14.9%).

Panelists participating in the LatinFocus Consensus Forecast expect that industrial production will expand 2.5% in 2022, which is down 0.3 percentage points from last month’s forecast. For 2023, the panel forecasts industrial output to rise 2.2%.


Author: Massimo Bassetti, Senior Economist

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Argentina Industrial production Chart


Argentina Industry November 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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