Latest reading: Manufacturing output grew 1.9% compared to the same month a year earlier in May, matching April’s increase. Looking...
Industrial Production in Argentina
The Argentine economy recorded an average industrial production growth rate of -2.5% in the decade to 2024. In 2024, industrial production growth was -9.4%. For more industry information, visit our dedicated page.
Argentina Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Argentina from 2022 to 2024.
Source: Macrobond.
Argentina Industry Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | -7.5 | 15.7 | 4.2 | -1.8 | -9.4 |
Industrial output growth rises in April
Latest reading: Industrial output expanded 8.5% compared to the same month of the previous year in April, which was above March's 5.0% increase and marked the fifth straight month of growth following more than a year of contraction. Gains were seen across a range of industrial components; the latest data signals how the sector is bouncing back from the fiscal austerity and hyperinflation that depressed industry during 2024. On a monthly basis, industrial output rose 2.2% in seasonally adjusted terms in April, rebounding notably from March’s 3.9% fall and marking the best result since August 2024. Meanwhile, the trend improved notably, with the annual average variation of industrial production coming in at minus 2.7%, up from March's minus 4.8% reading.
Consensus Forecasts and Projections for the next ten years
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 18 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.
Latest Global Industrial production News
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