Industry in Argentina

Argentina Industry | Economic News & Forecasts

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

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)-0.1  -2.5  0.1  -4.5  2.5  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.


Argentina Industry Chart

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

Argentina Facts

Bond Yield6.690.15 %Dec 17
Exchange Rate41.700.45 %Jul 11
Stock Market42,8562.26 %Jul 11

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.


Request a Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form