Industrial output in Argentina dropped 8.5 percent year-on-year in February 2019, after an upwardly revised 10.9 percent fall in the previous month. It was the tenth straight decline in industrial output. The largest decreases were recorded in other equipment & instruments (-27 percent); non-metallic minerals & basic metals (-22.4 percent); metal products, machinery & equipment (-18.2 percent); vehicles & other transport equipment (-15.8 percent); textiles, clothing, leather & footwear (-6.4 percent); and wood, paper & printing (-4 percent). Meantime, production of food, beverages & tobacco went up 0.1 percent. On a monthly basis, industrial output advanced 2.4 percent, slowing from a 4.8 percent gain in the prior month. Industrial Production in Argentina averaged 1.96 percent from 1995 until 2019, reaching an all time high of 24.60 percent in March of 2003 and a record low of -22.30 percent in March of 2002.
Industrial Production in Argentina is expected to be 0.40 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 1.00 in 12 months time. In the long-term, the Argentina Industrial Production is projected to trend around 1.30 percent in 2020, according to our econometric models.