The skyline in Argentina

Argentina Industry May 2018

Argentina: Industrial output contracts in May

In May, industrial production contracted 1.2% over the same month last year, according to data released by the National Statistical Institute (INDEC) on 29 June. The figure sharply contrasted April’s 3.4% year-on-year growth and put an end to 12 consecutive months of expansion in industrial output.

May’s downturn reflected contractions in several components of the index and decelerations in growth in other sectors. The contraction in output in the textile sector sharpened from 4.9% in April to 8.6% in May. Moreover, output in the automotive industry decelerated from a 27.2% increase in April to 7.2% rise in May. Additionally, output in the metal-mechanic industry excluding the automotive industry swung from a 1.6% increase in April to a 4.6% drop in May. Lastly, the food industry swung from a 2.9% output expansion in April to a 1.9% contraction in May.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest