The skyline in Argentina

Argentina Industry February 2017

Argentina: Industrial output expands sharply in February

In February, industrial production expanded 5.3% over the same month last year, according to data released by the National Statistical Institute (INDEC) on 29 March. The reading marked a sharp acceleration from the 2.6% year-on-year growth observed in January, but was the tenth consecutive month of expansions in industrial output.

February’s upturn in industrial production reflected a rebound in the automotive industry and strong growth in production of non-metallic mineral products and in the basic metallic industry. The automotive industry rebounded from a 6.4% annual contraction in January to a sharp 61.3% increase in February. Production of non-metallic mineral products grew 12.5% (January: +14.8% year-on-year) and the basic metallic industry expanded 29.8% (January: +14.6% year-on-year). The food industry swung from a 0.7% contraction in January to a 2.5% expansion in February.

The increase in industrial production in February suggests that the recovery of Argentina’s industrial sector is picking up steam and production is set to expand at a solid pace in 2018.

Argentina Industrial Production Forecast

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