Industry in Argentina
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 |
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 | 45.13 | 0.45 % | May 13 |
| Stock Market | 32,300 | 2.26 % | May 13 |
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Exports declined 5.0% in year-on-year terms in March, contrasting February’s 3.7% increase.
Argentina: Contraction in industrial production sharpens in March
May 7, 2019
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.
Argentina: Contraction in economic activity eases further in February
May 2, 2019
The monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Económica) contracted 4.8% in annual terms in February, a softer drop than the revised 5.8% plunge recorded in January (previously reported: -5.7% year-on-year).
Argentina: Consumers grow more pessimistic in April
April 30, 2019
The Universidad Torcuato di Tella (UTDT) consumer confidence index dropped to 34.4 points in April from 34.8 points in March.
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