Industry in Argentina

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Argentina - Industry

Industrial output contracts in May

In May, industrial production contracted 1.2% over the same month last year, according to data released by the National Statistical Institute (INDEC) on 29 June. The figure sharply contrasted April’s 3.4% year-on-year growth and put an end to 12 consecutive months of expansion in industrial output.

May’s downturn reflected contractions in several components of the index and decelerations in growth in other sectors. The contraction in output in the textile sector sharpened from 4.9% in April to 8.6% in May. Moreover, output in the automotive industry decelerated from a 27.2% increase in April to 7.2% rise in May. Additionally, output in the metal-mechanic industry excluding the automotive industry swung from a 1.6% increase in April to a 4.6% drop in May. Lastly, the food industry swung from a 2.9% output expansion in April to a 1.9% contraction in May.

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

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

ValueChangeDate
Bond Yield6.690.15 %Dec 17
Exchange Rate27.250.45 %Jul 13
Stock Market26,5142.26 %Jul 13

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