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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May 20, 2022
The monthly indicator for economic activity (EMAE) grew 4.8% year-on-year in March (February: +8.5% yoy).
May 20, 2022
Merchandise exports rose 35.6% over the same month last year in April (March: +28.6% year-on-year).
May 13, 2022
Consumer prices rose 6.05% in April over the previous month, slowing down from the 6.73% increase logged in March, which had marked the highest reading on record. Inflation came in at 58.0% in April, which was up from March’s 55.1%.
May 6, 2022
Industrial production increased 3.6% year-on-year in March (February: +8.7% yoy).
May 3, 2022
The Universidad Torcuato di Tella (UTDT) consumer confidence index decreased to 35.7 in April from 36.9 in March.