Industry in Argentina

Argentina Industry | Economic News & Forecasts

Argentina - Industry

Contraction in the industrial sector sharpens in November

Industrial production plunged 13.3% over the same month of last year in November, according to data released by the National Statistical Institute (INDEC) on 3 January, marking a steeper fall than October’s 6.8% year-on-year decline and the worst reading since June 2002.

November’s result again reflected contractions in almost all components of the index. As in the previous month, the textile; metal-mechanics; rubber and plastic products; and automotive industries recorded the biggest drops. A profound fall in domestic demand was once more behind the contraction in industrial output. The contraction in textile production was especially sharp. On the other hand, the tobacco and basic metals industries expanded moderately in November.

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

Bond Yield6.690.15 %Dec 17
Exchange Rate37.810.45 %Jan 21
Stock Market35,3032.26 %Jan 21

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