Argentina: Industrial production contracts less in May
June 25, 2015
In May, industrial production fell 0.9% over the same month last year. The reading was above the 1.5% contraction seen in the previous month and marked a 10-month high. May’s result was driven by a notable decrease in the food industry.
On a monthly basis, industrial production in May expanded 0.3% in seasonally-adjusted terms, which followed the 0.4% increase seen in April. Annual average variation in industrial production rose from April’s minus 2.0% to minus 1.7%, the highest level since April 2014.
Author: Dirina Mançellari, Senior Economist