Argentina Industry April 2018


Argentina: Growth in industrial output picks up in April

May 31, 2018

In April, industrial production expanded 3.4% over the same month last year, according to data released by the National Statistical Institute (INDEC) on 1 June. The figure came in above March’s 1.2% year-on-year growth and marked the 12th consecutive expansion in industrial output.

April’s upturn reflected faster growth in key components of the index. Output in the automotive industry edged up from a 26.0% increase in March to 27.2% rise in April. Growth in the production of non-metallic mineral products reached 11.0% annually, above March’s 3.9% increase. The food industry swung from a 1.0% output contraction in March to a 2.9% increase in April.

Argentina Industrial Production Forecast

Panelists participating in the LatinFocus Consensus Forecast expect industrial production to expand 2.4% in 2018, which is up 0.2 percentage points from last month’s forecast. For 2019, the panel expects industrial output to rise 2.0%.

Author: Jean-Philippe Pourcelot, Economist

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Argentina Industry Chart

Argentina Industry April 2018

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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