Argentina Industrial production July 2021

Argentina

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%).

Panelists participating in the LatinFocus Consensus Forecast expect that industrial production will expand 10.1% in 2021, which is up 0.7 percentage points from last month’s forecast. For 2022, the panel expects industrial output to rise 2.8%.


Author:, Economist

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Argentina Industry July 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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