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Argentina Industry April 2019

Argentina: Contraction in industrial production eases in April

Industrial production fell 8.8% over the same month of last year in April, according to data released by the National Statistical Institute (INDEC) on 5 June. The reading marked a softer contraction than March’s revised 13.9% year-on-year plunge (previously reported: -13.4% year-on-year).

April’s result reflected softer contractions across the board. That said, the categories of automotive and other transport equipment; furniture and other manufacturing industries; and other equipment, instruments and apparatus, all contracted by over 20%. A marked fall in domestic demand remained the main culprit of the negative performance in the industrial sector.

Meanwhile, the annual average variation in industrial output worsened to minus 9.5% in April, from minus 8.4% in March.

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