Argentina Industry

Argentina

Argentina: Industrial production growth decelerates further in August

September 24, 2015

In August, industrial production increased 0.5% over the same month last year. The reading was slightly below the 0.6% expansion seen in the previous month. August’s result was mainly driven by an increase in the production of textiles.

On a monthly basis, industrial production in August contracted 0.1% in seasonally-adjusted terms, which contrasted the 0.3% increase seen in July and marked a five-month low. Annual average variation in industrial production advanced from minus 1.5% in July to minus 1.2% in August, which marked the highest reading since April 2014.

LatinFocus Consensus Forecast panel participants expect that industrial production will decrease 1.0% in 2015, which is up 0.1 percentage points from last month’s forecast. For 2016, the panel expects industrial production to increase 2.3%.


Author:, Senior Economist

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Argentina Industry August 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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