Industry in Argentina
Argentina - Industry
Industrial production contracts at sharper pace in November
Industrial production fell 4.5% over the same month of last year in November, according to data released by the National Statistical Institute (INDEC) on 8 January. The reading marked a more pronounced contraction than October’s 2.0% year-on-year drop.
In November, the sharpest contractions were recorded in the production of automotive and other transport equipment and metal products. On the other hand, the manufacture of furniture and oil refining recorded the softest drops.
Meanwhile, the annual average variation in industrial output rose from October’s minus 8.4% to minus 7.6% in November.
Panelists participating in the LatinFocus Consensus Forecast expect that industrial production will contract 4.4% in 2020, which is down 0.3 percentage points from last month’s forecast. For 2021, 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||59.88||0.45 %||Dec 30|
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On 21 December, Congress approved an emergency economic reform package delivered by the new Peronist government led by Alberto Fernández.
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January 15, 2020
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January 15, 2020
Consumer prices rose 3.7% over the previous month in December, coming in below November’s 4.3% rise and market expectations of a 4.3% increase, according to the National Statistical Institute (INDEC).
January 8, 2020
Industrial production fell 4.5% over the same month of last year in November, according to data released by the National Statistical Institute (INDEC) on 8 January.
January 2, 2020
The Universidad Torcuato di Tella (UTDT) consumer confidence index edged up to 42.3 in December from 41.4 in November.