Industry in Argentina
Argentina - Industry
Industrial production contracts at softest pace in over one year in July
Industrial production dropped 1.9% over the same month of last year in July, according to data released by the National Statistical Institute (INDEC) on 5 September. The reading marked a softer contraction than June’s 7.2% year-on-year fall, and the softest decrease since May 2018.
July’s result generally reflected softer contractions across the board. Moreover, the production of other equipment, instruments and apparatus rebounded, while growth in production of food, beverages and tobacco accelerated. That said, the category of automotive and other transport equipment continued to contract by over 20%.
Meanwhile, the annual average variation in industrial output improved to minus 9.5% in July, from minus 9.9% in June.
Panelists participating in the LatinFocus Consensus Forecast expect that industrial production will contract 4.4% in 2019, which is down 0.3 percentage points from last month’s forecast. For 2020, the panel expects industrial output to rise 2.4%.
Argentina - Industry Data
|Industrial Production (annual variation in %)||-0.1||-2.5||0.1||-4.5||2.5|
5 years of economic forecasts for more than 30 economic indicators.
Argentina Industry Chart
Source: National Statistical Institute (INDEC) and FocusEconomics calculations.
|Bond Yield||6.69||0.15 %||Dec 17|
|Exchange Rate||56.01||0.45 %||Sep 04|
|Stock Market||24,665||2.26 %||Sep 04|
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September 12, 2019
Consumer prices rose 4.0% over the previous month in August, coming in well above July’s 2.2% increase and ending a four-month streak of moderating price growth, according to the National Statistical Institute (INDEC).
September 9, 2019
The Argentine peso plunged in August, due to the unexpectedly resounding victory of Macri’s rival, Peronist candidate Alberto Fernández, in primary elections held on 11 August.
September 5, 2019
Industrial production dropped 1.9% over the same month of last year in July, according to data released by the National Statistical Institute (INDEC) on 5 September.
September 1, 2019
On 1 September, the Central Bank of Argentina (BCRA) set a number of restrictions on dollar purchases, in a bid to stabilize the exchange rate and combat financial turmoil following the crisis of confidence triggered by August’s primary elections.
August 23, 2019
The Universidad Torcuato di Tella (UTDT) consumer confidence index fell to 41.9 points in August from 44.2 points in July, which had marked the best result since January 2018.