Industry in Argentina
Argentina - Industry
Softest contraction in industrial production in nine months in May
Industrial production fell 6.9% over the same month of last year in May, according to data released by the National Statistical Institute (INDEC) on 4 July. The reading marked a softer contraction than April’s revised 8.7% year-on-year drop (previously reported: -8.8% year-on-year), and the best print since August 2018.
April’s result generally reflected softer contractions across the board. That said, the categories of automotive and other transport equipment; furniture and other manufacturing industries; and other equipment, instruments and apparatus, all contracted by close to or over 20%. A marked fall in domestic demand remained the main culprit of the negative performance in the industrial sector.
Meanwhile, the annual average variation in industrial output worsened to minus 9.9% in May, from minus 9.4% in April.
Panelists participating in the LatinFocus Consensus Forecast expect that industrial production will contract 3.9% in 2019, which is down 0.5 percentage points from last month’s forecast. For 2020, the panel expects industrial output to rise 2.4%.
Argentina - Industry Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | -0.1 | -2.5 | 0.1 | -4.5 | 2.5 |
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 | 41.70 | 0.45 % | Jul 11 |
| Stock Market | 42,856 | 2.26 % | Jul 11 |
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