Argentina: Industrial output skyrockets on low base effect in April
June 9, 2021
Industrial output skyrocketed 55.9% year-on-year in April, following March’s 33.0% jump. April’s reading benefited from an extremely low base effect and was driven by a broad-based surge in production in all sub-categories.
On a calendar-adjusted monthly basis, industrial output expanded 0.3% in April (March: +0.8% mom). Meanwhile, the trend improved, with the annual average variation of industrial production coming in at 4.9% in April, from March's minus 2.6% reading.