Argentina Industry December 2019

Argentina

Argentina: Industrial production expands for first time in 20 months in December

February 5, 2020

Industrial production ticked up 1.2% year-on-year in December, according to data released by the National Statistical Institute (INDEC) on 5 February. The reading contrasted November’s 4.5% year-on-year drop.

In December, the strongest expansions were recorded in the production food, beverages and tobacco and of wood and paper products. On the other hand, the manufacture of automotive and other transport equipment and of metal products logged the sharpest drops.

Meanwhile, the annual average variation in industrial output rose from November’s minus 7.6% to minus 6.2% in December.

Panelists participating in the LatinFocus Consensus Forecast expect that industrial production will contract 4.4% in 2020, which is down 0.3 percentage points from last month’s forecast. For 2021, the panel expects industrial output to rise 2.4%.


Author: Massimo Bassetti, Economist

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Argentina Industry December 2019

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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