Argentina Industrial production August 2020

Argentina

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.

Panelists participating in the LatinFocus Consensus Forecast expect that industrial production will contract 8.5% in 2020, which is down 2.2 percentage points from last month’s forecast. For 2021, the panel expects industrial output to rise 3.3%.


Author: Massimo Bassetti, Senior Economist

Sample Report

Looking for forecasts related to Industrial production in Argentina? Download a sample report now.

Download

Argentina Industrial production Chart


Argentina Industry August 20 20

Note: Year-on-year changes and annual average variation of industrial production in %.
Source: Argentina National Statistical Institute (INDEC) and FocusEconomics calculations.


Argentina Economic News

More news

Search form