Industry in Argentina
Argentina - Industry
Industrial production contracted 5.7% over the same month of last year in July, according to data released by the National Statistical Institute (INDEC) on 4 September. The drop was smaller than June’s 8.1% year-on-year decline.
July’s reading reflected contractions in almost all components of the index. The tobacco industry recorded a significant decline in output, along with the textile industry and oil refining sector. The drop in production of processed crude oil was owing to plant shutdowns in June. Output of food also contracted, mainly due to a double-digit decline in milling of cereals and oilseeds. On the other hand, the basic metal industries and automotive industry recorded significant expansions in output.
Panelists participating in the LatinFocus Consensus Forecast expect industrial production to expand 0.1% in 2018, which is unchanged from last month’s forecast. For 2019, the panel expects industrial output to rise 1.9%.
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 | 37.30 | 0.45 % | Sep 24 |
| Stock Market | 33,164 | 2.26 % | Sep 24 |
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Economic News
Argentina: Inflation climbs steeply in August
September 25, 2018
According to the National Statistical Institute (INDEC), national consumer prices rose 3.9% over the previous month in August, coming in above July’s 3.1% month-on-month increase and marking the fastest increase in prices in over two years.
Argentina: Economy contracts sharply in Q2
September 21, 2018
According to the Statistical Institute (Instituto Nacional de Estadísticas y Censos, INDEC), economic activity in the second quarter swung from Q1’s 3.9% year-on-year expansion to a sharp 4.2% contraction.
Argentina: Central Bank maintains tight monetary conditions despite plunging economic activity
September 12, 2018
At its latest meeting held on 11 September, the Central Bank of Argentina (Banco Central de la República Argentina, BCRA) decided to leave the seven-day liquidity bills rate (seven-day LELIQ rate) unchanged at an all-time high of 60.00%.
Argentina:
September 4, 2018
Industrial production contracted 5.7% over the same month of last year in July, according to data released by the National Statistical Institute (INDEC) on 4 September.
Argentina: Consumer sentiment remains in the doldrums in August
August 24, 2018
The Universidad Torcuato di Tella (UTDT) consumer confidence index was stable in August from July at 36.3 points, and just a notch higher than June’s four-year low.
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