Industrial production in Argentina fell 7.1 percent over a year earlier in August 2020, after dropping a downwardly revised 6.6 percent in the previous month, amid the coronavirus crisis. Main declines were were seen in textiles (-26.7 percent); vehicles (-19.5 percent); non-metallic minerals (-17.7 percent); other equipment and instruments (-29.3 percent); wood & paper (-3.1 percent); and food & beverages (-4.8 percent). In contrast, production rose for oil, chemicals & plastic (3.3 percent) and furniture & other manufacturing (10.2 percent). On a seasonally adjusted monthly basis, output dropped 0.9 percent. source: Instituto Nacional de Estadística y Censos (INDEC)
Industrial Production in Argentina averaged 1.40 percent from 1995 until 2020, reaching an all time high of 24.60 percent in March of 2003 and a record low of -33.34 percent in April of 2020. This page provides the latest reported value for - Argentina Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Argentina Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.
Industrial Production in Argentina is expected to be -2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Argentina to stand at 1.50 in 12 months time. In the long-term, the Argentina Industrial Production is projected to trend around -1.00 percent in 2021 and 2.00 percent in 2022, according to our econometric models.