Latest reading: Industrial output declined 1.3% month-on-month in seasonally adjusted terms in June (May: +1.1% mom). Looking at the details...
Industrial Production in Argentina
The Argentine economy recorded an average industrial production growth rate of -1.3% in the decade to 2024. In 2024, industrial production growth was -9.4%. For more industry information, visit our dedicated page.
Argentina Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Argentina from 2022 to 2024.
Source: Macrobond.
Argentina Industry Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | -7.5 | 15.7 | 4.2 | -1.8 | -9.5 |
Industrial output expands at fastest pace since May 2022 in June
Latest reading: Industrial output rose 9.3% compared to the same month a year earlier in June, which followed May's 6.0% increase. June's print marked the best reading since May 2022. June's notable improvement was largely driven by faster growth in machinery and equipment output. Moreover, food and beverages plus automotive vehicles output gained steam. In contrast, basic metals output weakened. Meanwhile, the trend improved notably, with the annual average variation of industrial production coming in at 1.8% in June, contrasting May's minus 0.8%. On a seasonally adjusted monthly basis, factory output fell 1.2% in June (May: +2.4% mom s.a.).
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Argentine industry projections for the next ten years from a panel of 18 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Argentine industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Argentine industry projections.
Want to get access to the full dataset of Argentine industry forecasts? Send an email to info@focus-economics.com.
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Argentina: Industrial output expands at fastest pace since May 2022 in June Latest reading: Industrial output rose 9.3% compared to the same month a year earlier in June, which followed May’s 6.0%...