Industry in Argentina
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
|Industrial Production (annual variation in %)||0.1||-4.5||2.5||-5.0||-6.4|
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||59.88||0.45 %||Dec 30|
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