Industry in Argentina

Argentina Industry | Economic News & Forecasts

Argentina - Industry

Industrial production dives amid lockdown measures in March

Industrial production tumbled 16.8% year-on-year in March, according to data released by the National Statistical Institute (INDEC) on 6 May. The reading follows February’s softer 1.0% year-on-year decrease.

March saw a broad-based contraction in all sub-components of the index. The sharpest falls were recorded in the production of other equipment, apparatus and instruments, textiles and automotive and other transport equipment.

Meanwhile, the annual average variation in industrial output dropped from February’s minus 4.7% to minus 4.9% in March.

Panelists participating in the LatinFocus Consensus Forecast expect that industrial production will contract 6.3% in 2020, which is down 4.3 percentage points from last month’s forecast. For 2021, the panel expects industrial output to rise 3.3%.

Argentina - Industry Data

2015   2016   2017   2018   2019  
Industrial Production (annual variation in %)0.1  -4.5  2.5  -5.0  -6.4  

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Argentina Industry Chart

Argentina Industry
Note: Annual variation of industrial production in %.
Source: National Statistical Institute (INDEC) and FocusEconomics calculations.

Argentina Facts

Value Change Date
Bond Yield6.690.15 %Dec 17
Exchange Rate59.880.45 %Dec 30

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