Argentina Industry

Argentina

Argentina: Industrial production contracts less in April

May 26, 2015

In April, industrial production fell 1.5% over the same month last year. The reading was slightly above the 1.6% contraction seen in the previous month and marked a nine-month high. April’s result was driven by a notable decrease in the textile and food industries. Although both industries continued to post declines, the contractions were much less pronounced than in the previous month.

On a monthly basis, industrial production in April expanded 0.4% in seasonally-adjusted terms, which contrasted the 0.5% decrease seen in March and marked a three-month high. Annual average variation in industrial production rose from March’s minus 2.2% to minus 2.0%, the highest level since May 2014.

LatinFocus Consensus Forecast panel participants expect that industrial production will decrease 0.7% in 2015, which is unchanged from last month’s forecast. For 2016, the panel expects industrial production to increase 2.8%.


Author:, Senior Economist

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Argentina Industry April 2015

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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