Industry in Argentina
Argentina - Industry
Contraction in the industrial sector sharpens in November
Industrial production plunged 13.3% over the same month of last year in November, according to data released by the National Statistical Institute (INDEC) on 3 January, marking a steeper fall than October’s 6.8% year-on-year decline and the worst reading since June 2002.
November’s result again reflected contractions in almost all components of the index. As in the previous month, the textile; metal-mechanics; rubber and plastic products; and automotive industries recorded the biggest drops. A profound fall in domestic demand was once more behind the contraction in industrial output. The contraction in textile production was especially sharp. On the other hand, the tobacco and basic metals industries expanded moderately in November.
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
|Industrial Production (annual variation in %)||0.0||-1.8||0.4||-4.6||1.8|
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||37.81||0.45 %||Jan 21|
|Stock Market||35,303||2.26 %||Jan 21|
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January 16, 2019
According to the National Statistical Institute (INDEC), national consumer prices rose 2.6% over the previous month in December, coming in below November’s 3.2% month-on-month increase. December’s reading represented the third consecutive month of decelerating month-on-month price increases.
January 15, 2019
At its latest meeting held on 2 January, the Central Bank of Argentina (Banco Central de la República Argentina, BCRA) announced it will meet the 0% monetary base growth target in January and could surpass its goal in February and March.
January 3, 2019
Industrial production plunged 13.3% over the same month of last year in November, according to data released by the National Statistical Institute (INDEC) on 3 January, marking a steeper fall than October’s 6.8% year-on-year decline and the worst reading since June 2002. November’s result again reflected contractions in almost all components of the index.
December 28, 2018
The monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Económica) contracted 4.0% in annual terms in October, a softer drop than the revised 6.1% fall recorded in September (previously reported: -5.8% year-on-year).
December 20, 2018
According to the Statistical Institute (Instituto Nacional de Estadísticas y Censos, INDEC), economic activity in the third quarter contracted 3.5% in year-on-year terms on the back of plunging domestic demand.