Argentina: Industrial output growth moderates in July
September 8, 2021
Industrial output rose 13.0% in year-on-year terms in July, which was a softer expansion than June's 19.4%. 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 2.6% in July (June: +10.6% mom). Meanwhile, annual average industrial production growth rose to 11.6% in July (June: +9.8%).
Author: Hanna Andersson, Economist