Argentina Industry

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Argentina: Industrial output falls for 15th consecutive month in October

December 1, 2014

In October, industrial production fell 1.8% over the same month last year. The reading was slightly below the 1.7% drop recorded in September, but notably overshot the 3.2% contraction that the markets had expected. October’s result marked the fifteenth consecutive decrease in industrial output. All sectors that comprise the overall index deteriorated compared to the previous month last year, except for the chemical and rubber industries, which recorded slight increases. The category that registered the sharpest decline was the automotive industry again.

On a monthly basis, industrial production rose 0.2% in seasonally-adjusted terms, which contrasted the 0.3% contraction registered in September. Annual average variation in industrial production continued on the downward trend that began in February 2014, falling from minus 2.9% in September to minus 3.0% in October.

LatinFocus Consensus Forecast panel participants expect that industrial production will decrease 2.8% in 2014, which is unchanged from last month’s forecast. For 2015, the panel expects industrial production to increase 0.5%, which is also unchanged from last month’s Consensus.


Author:, Economist

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Argentina Industry October 2014

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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