Industry in Argentina

Argentina Industry | Economic News & Forecasts

Argentina - Industry

Industrial output expands sharply in February

In February, industrial production expanded 5.3% over the same month last year, according to data released by the National Statistical Institute (INDEC) on 29 March. The reading marked a sharp acceleration from the 2.6% year-on-year growth observed in January, but was the tenth consecutive month of expansions in industrial output.

February’s upturn in industrial production reflected a rebound in the automotive industry and strong growth in production of non-metallic mineral products and in the basic metallic industry. The automotive industry rebounded from a 6.4% annual contraction in January to a sharp 61.3% increase in February. Production of non-metallic mineral products grew 12.5% (January: +14.8% year-on-year) and the basic metallic industry expanded 29.8% (January: +14.6% year-on-year). The food industry swung from a 0.7% contraction in January to a 2.5% expansion in February.

The increase in industrial production in February suggests that the recovery of Argentina’s industrial sector is picking up steam and production is set to expand at a solid pace in 2018.

Argentina Industrial Production Forecast

Panelists participating in the LatinFocus Consensus Forecast expect industrial production to expand 2.4% in 2018, which is up 0.2 percentage points from last month’s forecast. For 2019, the panel expects industrial output to rise 2.0%.

Argentina - Industry Data

2012  2013  2014  2015  2016  
Industrial Production (annual variation in %)-7.8  0.0  -     -     -     

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Argentina Industry Chart

Argentina Industry
Note: Annual variation of industrial production in %.
Source: National Statistical Institute (INDEC) and FocusEconomics calculations.

Argentina Facts

Bond Yield6.690.15 %Dec 17
Exchange Rate20.200.45 %Apr 20
Stock Market31,1622.26 %Apr 20

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