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.