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
| 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 | 41.26 | 0.45 % | Mar 11 |
| Stock Market | 33,791 | 2.26 % | Mar 11 |
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Economic News
Argentina: Inflation ramps up in February
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.
Argentina: Peso falls to all-time low in March
March 11, 2019
The Argentine peso depreciated in the last few weeks, despite the Central Bank’s tight monetary policy stance.
Argentina: Contraction in industrial production eases in January
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.
Argentina: Economic activity continues to contract markedly in December
February 28, 2019
The monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Económica) contracted 7.0% in annual terms in December, a somewhat softer drop than the 7.5% plunge recorded in November.
Argentina: Central Bank tightens FX intervention rules to curb inflation
February 28, 2019
At its latest meeting held on 28 February, the Central Bank of Argentina (Banco Central de la República Argentina, BCRA) announced it would tweak its guidelines to intervene in the exchange rate market in order to intensify its fight against inflation.
© Copyright: 2019 | Argentina Industry | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed ...
