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 activity contracts at sharpest rate since November 2024 in July
Latest reading: Industrial output slid 1.1% compared to the same month a year earlier in July, which contrasted June's 9.4% increase. The outturn marked the worst reading since November 2024. Looking at the details of the release, July's downturn was largely driven by falls in output of machinery and equipment, basic metals, chemical products, food and beverages and automotive vehicles. On a seasonally adjusted monthly basis, industrial output fell at a sharper rate of 2.3% in July (June: -1.6% mom).
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.
Latest Global Industrial production News
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Sweden: Industrial output contracts at sharpest pace in seven months in July Latest reading: Industrial output—excluding energy—nosedived 6.6% in month-on-month seasonally adjusted terms in July, which contrasted June’s 7.3% increase. The result... -
Argentina: Industrial activity contracts at sharpest rate since November 2024 in July Latest reading: Industrial output slid 1.1% compared to the same month a year earlier in July, which contrasted June’s 9.4%... -
Norway: Industrial output rebounds in July Latest reading: Industrial output increased 0.4% month on month in seasonally adjusted terms in July (June: -0.1% mom s.a.). Looking... -
Latvia: Industrial output grows at fastest pace since May 2021 in July Latest reading: Industrial output grew 9.8% year on year in July (June: +7.2% yoy). The figure marked the best reading... -
Croatia: Industrial activity drops at sharpest pace since November 2024 in July Latest reading: Industrial output fell 1.0% year on year in working-day adjusted terms in July (June: +2.1% yoy). July’s outturn... -
Estonia: Industrial output growth slows in July Latest reading: Industrial output expanded 0.7% year on year in seasonally and calendar-adjusted terms in July, which was a deterioration... -
Serbia: Industrial output growth picks up pace in July Latest reading: Industrial output expanded 5.5% compared to the same month of the previous year in July, which was above...