Industry in Argentina

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Argentina - Industry

Contraction in industrial production eases in January

Industrial production plummeted 10.8% over the same month of last year in January, according to data released by the National Statistical Institute (INDEC) on 6 March. The reading marked a less steep fall than December’s revised multi-year low of a 14.8% year-on-year decline (previously reported: -14.7% year-on-year).

January’s result reflected contractions in all components of the index. The categories of metal products and machinery and equipment; other equipment, instruments and apparatus; automotive and other transport equipment recorded the biggest drops. The production of automotive and other transport equipment shrunk by almost 30%. A marked fall in domestic demand was again behind the contraction in industrial output.

Meanwhile, the annual average variation in industrial output fell to a 5.9% contraction in January from a 4.7% in December.

Panelists participating in the LatinFocus Consensus Forecast expect that industrial production will contract 0.5% in 2019, which is down 0.7 percentage points from last month’s forecast. For 2020, the panel expects industrial output to rise 2.1%.

Argentina - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)0.0  -1.8  0.4  -4.6  1.8  

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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 Rate41.260.45 %Mar 11
Stock Market33,7912.26 %Mar 11

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