Argentina: Pace of contraction in industrial output sharpens in August
October 8, 2020
Industrial output decreased 7.1% year-on-year in August (July: -6.6% yoy). The steepest contractions were recorded in the production of textiles and automotive and other transport equipment.
On a calendar-adjusted monthly basis, industrial output fell 0.9% in August (July: +1.4% mom). Meanwhile, the trend deteriorated somewhat, with the annual average variation of industrial production coming in at minus 8.9% in August, down from July's minus 8.8% reading.