Argentina Industry

Argentina

Argentina: Industrial production increases in June

July 27, 2015

In June, industrial production increased 1.0% over the same month last year. The reading was above the 0.9% contraction seen in the previous month and marked a 13-month high. June’s result was mainly driven by a strong performance of the automotive industry.

On a monthly basis, industrial production in June expanded 1.3% in seasonally-adjusted terms, which followed the 0.2% increase seen in May. Annual average variation in industrial production contracted from May’s minus 1.7% to minus 1.6%, thus marking the highest level 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 Chart


Argentina Industry June 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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