Argentina: Industrial production contracts at sharper pace in February
April 7, 2020
Industrial production fell 0.8% year-on-year in February, according to data released by the National Statistical Institute (INDEC) on 7 April. The reading follows January’s softer 0.3% year-on-year decrease.
In February, the sharpest falls were recorded in the production of automotive and other transport equipment and of furniture and other manufacturing industries. On the other hand, the manufacture of food, beverages and tobacco as well as the refinery of oil and the production of chemicals and of plastic products increased.
Meanwhile, the annual average variation in industrial output rose from January’s minus 5.3% to minus 4.7% in February.