Industry in Argentina
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
|Industrial Production (annual variation in %)||0.0||-1.8||0.4||-4.6||1.8|
5 years of economic forecasts for more than 30 economic indicators.
Argentina Industry Chart
Source: National Statistical Institute (INDEC) and Met the why particular calculations.
|Bond Yield||6.69||0.15 %||Dec 17|
|Exchange Rate||43.33||0.45 %||Jun 13|
|Stock Market||11,646||2.26 %||Jun 13|
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June 14, 2019
National consumer prices rose 3.1% over the previous month in May, coming in below April’s 3.4% month-on-month increase, and marking the second consecutive month of deceleration, according to the National Statistical Institute (INDEC).
June 5, 2019
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.
May 24, 2019
Exports rebounded, albeit timidly, and grew 1.7% in year-on-year terms in April, contrasting March’s 5.0% contraction.
Argentina: Consumer confidence at over one-year high in May, but remains entrenched in pessimistic terrain
May 24, 2019
The Universidad Torcuato di Tella (UTDT) consumer confidence index rose to 36.5 points in May from 34.4 points in April, marking the best result in 13 months.
May 23, 2019
The monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Económica) dived 6.8% in annual terms in March, a sharper drop than the 4.7% fall recorded in February.