Argentina: Industrial production dips at 2020 outset
March 5, 2020
Industrial production dipped 0.1% year-on-year in January, according to data released by the National Statistical Institute (INDEC) on 5 March. The reading contrasted December’s 1.3% year-on-year increase, which had marked the first expansion after 20 consecutive months of contraction.
In January, the sharpest falls were recorded in the production textiles and of non-metallic mineral. On the other hand, the manufacture of automotive and other transport equipment and of food, beverages and tobacco logged the sharpest drops.
Meanwhile, the annual average variation in industrial output rose from December’s minus 6.2% to minus 5.9% in January.