Industry in Argentina
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
|Industrial Production (annual variation in %)||0.0||-1.8||0.4||-4.6||1.8|
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||41.26||0.45 %||Mar 11|
|Stock Market||33,791||2.26 %||Mar 11|
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March 14, 2019
According to the National Statistical Institute (INDEC), national consumer prices jumped 3.8% over the previous month in February, coming in above January’s 2.9% month-on-month increase. February’s reading marks the second consecutive month of acceleration in month-on-month price increases.
March 11, 2019
The Argentine peso depreciated in the last few weeks, despite the Central Bank’s tight monetary policy stance.
March 6, 2019
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.
February 28, 2019
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February 28, 2019
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