Industry in Argentina

Argentina Industry | Economic News & Forecasts

Argentina - Industry

Contraction in industrial production sharpens in March

Industrial production shrank an abysmal 13.4% over the same month of last year in March, according to data released by the National Statistical Institute (INDEC) on 6 May. The reading marked a steeper plunge than February’s revised 8.4% year-on-year contraction (previously reported: -8.5% year-on-year).

March’s result reflected broad-based contractions. The categories of automotive and other transport equipment; furniture and other manufacturing industries; and other equipment, instruments and apparatus recorded the biggest drops. A marked fall in domestic demand was again behind the contraction in industrial output.

Meanwhile, the annual average variation in industrial output worsened to minus 8.4% in March, from minus 7.1% in February.


Argentina Industrial Production Forecast


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

ValueChangeDate
Bond Yield6.690.15 %Dec 17
Exchange Rate45.130.45 %May 13
Stock Market32,3002.26 %May 13

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