Industry in Argentina
Argentina - Industry
Industrial output expands sharply in February
In February, industrial production expanded 5.3% over the same month last year, according to data released by the National Statistical Institute (INDEC) on 29 March. The reading marked a sharp acceleration from the 2.6% year-on-year growth observed in January, but was the tenth consecutive month of expansions in industrial output.
February’s upturn in industrial production reflected a rebound in the automotive industry and strong growth in production of non-metallic mineral products and in the basic metallic industry. The automotive industry rebounded from a 6.4% annual contraction in January to a sharp 61.3% increase in February. Production of non-metallic mineral products grew 12.5% (January: +14.8% year-on-year) and the basic metallic industry expanded 29.8% (January: +14.6% year-on-year). The food industry swung from a 0.7% contraction in January to a 2.5% expansion in February.
The increase in industrial production in February suggests that the recovery of Argentina’s industrial sector is picking up steam and production is set to expand at a solid pace in 2018.
Argentina Industrial Production Forecast
Panelists participating in the LatinFocus Consensus Forecast expect industrial production to expand 2.4% in 2018, which is up 0.2 percentage points from last month’s forecast. For 2019, the panel expects industrial output to rise 2.0%.
Argentina - Industry Data
|Industrial Production (annual variation in %)||-7.8||0.0||-||-||-|
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||20.20||0.45 %||Apr 20|
|Stock Market||31,162||2.26 %||Apr 20|
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April 13, 2018
According to the National Statistics Institute (INDEC), national consumer prices rose 2.3% over the previous month in March, slightly below February’s 2.4% month-on-month increase.
March 29, 2018
In February, industrial production expanded 5.3% over the same month last year, according to data released by the National Statistical Institute (INDEC) on 29 March.
March 29, 2018
The monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Económica) picked up in January.
March 23, 2018
The Universidad Torcuato di Tella (UTDT) consumer confidence index came in at 43.8 points in March, matching the print observed in February.
March 22, 2018
According to the Statistical Institute (Instituto Nacional de Estadísticas y Censos, INDEC), economic activity in Q4 edged up from a revised 3.8% annual increase (previously reported: +4.2% year-on-year) in Q3 to 3.9%.