Argentina Industry

Argentina

Argentina: Industrial production swings to contraction in October

December 3, 2015

In October, industrial production dropped 2.5% over the same month last year. The reading contrasted the 0.1% expansion seen in the previous month and was the first contraction in five months. October’s result was mainly driven by decreases in the production of textiles as well as of food and beverages.

On a monthly basis, industrial production contracted 1.1% in seasonally-adjusted terms, which followed the 0.8% decrease seen in September and marked a 10-month low. The annual average variation in industrial production dropped from a flat reading in September to minus 0.2% in October, which marked the lowest reading in three months.

Panelists participating in the LatinFocus Consensus Forecast expect that industrial production will decrease 0.4% in 2015, which is down 0.1 percentage points from last month’s forecast. For 2016, the panel expects industrial output to expand 0.8%, which is down 0.6 percentage points from last month’s estimate.


Author:, Senior Economist

Sample Report

Looking for forecasts related to Industry in Argentina? Download a sample report now.

Download

Argentina Industry Chart


Argentina Industry October 2015

Note: Year-on-year changes and annual average variation of industrial production in %
Source: Argentina National Statistical Institute (INDEC) and FocusEconomics calculations.


Argentina Economic News

More news

Search form