Industry in Argentina
Argentina - Industry
Industrial production contracts at sharper pace in November
Industrial production fell 4.5% over the same month of last year in November, according to data released by the National Statistical Institute (INDEC) on 8 January. The reading marked a more pronounced contraction than October’s 2.0% year-on-year drop.
In November, the sharpest contractions were recorded in the production of automotive and other transport equipment and metal products. On the other hand, the manufacture of furniture and oil refining recorded the softest drops.
Meanwhile, the annual average variation in industrial output rose from October’s minus 8.4% to minus 7.6% in November.
Panelists participating in the LatinFocus Consensus Forecast expect that industrial production will contract 4.4% in 2020, which is down 0.3 percentage points from last month’s forecast. For 2021, 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 | 59.88 | 0.45 % | Dec 30 |
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Industrial production fell 4.5% over the same month of last year in November, according to data released by the National Statistical Institute (INDEC) on 8 January.
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