Argentina Industrial production February 2021

Argentina

Argentina: Industrial output growth cools in February

April 9, 2021

Industrial output grew 1.6% year-on-year in February, following January’s stronger 4.2% expansion. February’s reading was driven by higher production of metal products, non-metallic minerals and other equipment.

On a calendar-adjusted monthly basis, industrial output fell 1.6% in February (January: +1.7% mom). Meanwhile, the trend improved, with the annual average variation of industrial production coming in at minus 6.7% in February, up from January's minus 6.9% reading.

Panelists participating in the LatinFocus Consensus Forecast expect that industrial production will expand 6.4% in 2021, which is unchanged from last month’s forecast. For 2022, the panel expects industrial output to rise 4.0%.


Author: Massimo Bassetti, Senior Economist

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Argentina Industrial production Chart


Argentina Industry February 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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