Industry in Argentina

Argentina Industry | Economic News & Forecasts

Argentina - Industry

Contraction in industrial production eases in April

Industrial production fell 8.8% over the same month of last year in April, according to data released by the National Statistical Institute (INDEC) on 5 June. The reading marked a softer contraction than March’s revised 13.9% year-on-year plunge (previously reported: -13.4% year-on-year).

April’s result reflected softer contractions across the board. That said, the categories of automotive and other transport equipment; furniture and other manufacturing industries; and other equipment, instruments and apparatus, all contracted by over 20%. A marked fall in domestic demand remained the main culprit of the negative performance in the industrial sector.

Meanwhile, the annual average variation in industrial output worsened to minus 9.5% in April, from minus 8.4% in March.

Panelists participating in the LatinFocus Consensus Forecast expect that industrial production will contract 0.5% in 2019, which is down 0.7 percentage points from last month’s forecast. For 2020, the panel expects industrial output to rise 2.1%.

Argentina - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)0.0  -1.8  0.4  -4.6  1.8  

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Argentina Industry Chart

Argentina Industry
Note: Annual variation of industrial production in %.
Source: National Statistical Institute (INDEC) and Met the why particular calculations.

Argentina Facts

Bond Yield6.690.15 %Dec 17
Exchange Rate43.330.45 %Jun 13
Stock Market11,6462.26 %Jun 13

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