Industry in Argentina

Argentina Industry | Economic News & Forecasts

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

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

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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 Rate59.880.45 %Dec 30

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