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
|Industrial Production (ann. var. %)||-5.0||-6.3||-7.5||15.7||4.2|
Industrial output dips in September
Industrial output fell 3.6% compared to the same month a year earlier in September, which was a deterioration from August's 3.1% decrease. The figure was partly due to a deterioration in machinery and equipment production. In contrast, basic metals output dropped at a more moderate rate. Lastly, food and beverages production declined at a sharper rate, while automotive vehicles production fell at a steeper pace than in August. On a monthly basis, industrial output rose 0.2% in calendar adjusted terms in September, which was below August’s 0.5% expansion.. Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at a two-year low of minus 0.3% in September, contrasting August's plus 0.4% reading.
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 15 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.
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