Industry in Argentina
Argentina - Industry
Industrial production contracts in September
Industrial production contracted 11.5% in September over the same month of last year, according to data released by the National Statistical Institute (INDEC) on 6 November, a sharper fall than August’s 5.6% year-on-year decline and marked a multi-year low.
September’s reading reflected more severe contractions in almost all components of the index. The textile, metal-mechanics, rubber products, tobacco and automotive industries recorded the biggest drops. As in the previous month, continued plant shutdowns drove the decline in production of processed crude oil. Meanwhile, shrinking domestic demand was the main factor behind the contractions in the textile, rubber products, tobacco and automotive industries—with the last one also negatively affected by weakening external demand.
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 |
Argentina Industry Chart
Source: National Statistical Institute (INDEC) and FocusEconomics calculations.
Argentina Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 6.69 | 0.15 % | Dec 17 |
| Exchange Rate | 36.06 | 0.45 % | Nov 15 |
| Stock Market | 30,474 | 2.26 % | Nov 15 |
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Economic News
Argentina: Inflation accelerates on lagged pass-through effects from a weak peso
November 16, 2018
According to the National Statistical Institute (INDEC), national consumer prices rose 5.4% over the previous month in October, coming in below September’s 6.5% month-on-month increase, which had marked the fastest increase in prices since April 2016.
Argentina: Industrial production contracts in September
November 7, 2018
Industrial production contracted 11.5% in September over the same month of last year, according to data released by the National Statistical Institute (INDEC) on 6 November, a sharper fall than August’s 5.6% year-on-year decline and marked a multi-year low. September’s reading reflected more severe contractions in almost all components of the index.
Argentina: IMF approves additional financing, boosting short-term fiscal outlook
November 5, 2018
On 26 October, the IMF formally approved the upgraded standby agreement (SBA) announced in late September, which should cover the government’s financing needs for 2019 and grant President Mauricio Macri some breathing room ahead of next year’s general election.
Argentina: Consumer sentiment hits sixteen-year low in October
October 26, 2018
The Universidad Torcuato di Tella (UTDT) consumer confidence index fell to 32.6 points in October from 33.7 points in September, marking the worst reading since September 2002.
Argentina: Contraction in economic activity continues to moderate in August
October 26, 2018
The monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Económica) contracted 1.6% in annual terms in August, a much softer drop than the 2.7% fall recorded in July.
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