Industry in Argentina
Argentina - Industry
Softest contraction in industrial production in nine months in May
Industrial production fell 6.9% over the same month of last year in May, according to data released by the National Statistical Institute (INDEC) on 4 July. The reading marked a softer contraction than April’s revised 8.7% year-on-year drop (previously reported: -8.8% year-on-year), and the best print since August 2018.
April’s result generally reflected softer contractions across the board. That said, the categories of automotive and other transport equipment; furniture and other manufacturing industries; and other equipment, instruments and apparatus, all contracted by close to or over 20%. A marked fall in domestic demand remained the main culprit of the negative performance in the industrial sector.
Meanwhile, the annual average variation in industrial output worsened to minus 9.9% in May, from minus 9.4% in April.
Panelists participating in the LatinFocus Consensus Forecast expect that industrial production will contract 3.9% in 2019, which is down 0.5 percentage points from last month’s forecast. For 2020, the panel expects industrial output to rise 2.4%.
Argentina - Industry Data
|Industrial Production (annual variation in %)||-0.1||-2.5||0.1||-4.5||2.5|
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||41.70||0.45 %||Jul 11|
|Stock Market||42,856||2.26 %||Jul 11|
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July 17, 2019
National consumer prices rose 2.7% over the previous month in June, coming in below May’s 3.1% month-on-month increase, and marking the lowest reading in six months, according to the National Statistical Institute (INDEC).
July 8, 2019
The Argentine peso strengthened in the last few weeks, thanks to positive domestic news and USD weakness.
July 4, 2019
Industrial production fell 6.9% over the same month of last year in May, according to data released by the National Statistical Institute (INDEC) on 4 July.
July 3, 2019
At its latest meeting held on 1 July, the Central Bank of Argentina (BCRA) set a temporary floor for the LELIQ rate during July, in order to continue its fight against inflation.
Argentina: Economic activity contracts at softest pace in one year and surprises markets on the upside
June 27, 2019
The monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Económica) contracted 1.3% in annual terms in April, a much softer drop than the revised 6.9% fall recorded in March (previously reported: -6.8% year-on-year).