Argentina Industrial production March 2022

Argentina

Argentina: Industrial output growth moderates in March

May 6, 2022

Industrial production increased 3.6% year-on-year in March (February: +8.7% yoy). Looking at the details of the release, the reading largely reflected increasing output in the manufacture of textiles, automotive and wood products.

On a calendar-adjusted monthly basis, factory output fell 1.9% in March (February: +5.0% mom). Meanwhile, annual average industrial production growth eased to 13.4% in March (February: +15.9%).

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%.


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Argentina Industry March 2022

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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