Industrial Production in Argentina
Argentina's economy recorded an average industrial production growth rate of -0.3% in the decade to 2022. In 2022, industrial production growth was 4.2%. For more industry information, visit our dedicated page.
Argentina Industry Chart
Argentina Industry Data
2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Industrial Production (ann. var. %) | -6.3 | -7.5 | 15.7 | 4.2 | -1.8 |
Decline in industrial output softens in May
Industrial output dropped 14.8% in year-on-year terms in May, which was a less pronounced contraction than April's 16.6% decrease. May's smaller drop was largely due to weaker contractions in machinery and equipment and food and beverages production. On a monthly basis, factory output dropped 0.2% in seasonally adjusted terms in May, which was below April’s flat reading. Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 8.7%, down from April's minus 7.4%.
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 20 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.
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