Industrial production in Argentina declined 4.5 percent year-on-year in November, following a downwardly revised 2 percent fall in the previous month. Output fell further for vehicles (-29.3 percent vs -16.2 percent in October); metal products (-14.5 percent vs -9 percent); chemical products (-3.7 percent vs -2.4 percent); machinery & equipment (-2.5 percent vs -1.3 percent), and basic metallic industries (-5.7 percent vs 3.1 percent).In contrast, output declined at a softer pace for clothing & footwear (-6.4 percent vs -8.5 percent). Meanwhile, output advanced at a softer pace for coke & nuclear fuel refining (3.7 percent vs 3.9 percent), whereas production accelerated for rubber & plastic products (2.4 percent vs 0.2 percent). Production of food & beverages fell 1.9 percent after remaining unchanged in October. On a monthly basis, industrial output declined 3.3 percent following a 3.9 percent jump in the prior month. Industrial Production in Argentina averaged 1.74 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. source: Instituto Nacional de Estadística y Censos (INDEC)

Industrial Production in Argentina is expected to be 0.50 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 1.80 in 12 months time. In the long-term, the Argentina Industrial Production is projected to trend around 2.00 percent in 2020, according to our econometric models.

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Argentina Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
-4.50 -2.00 24.60 -22.30 1995 - 2019 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2019-10-03 07:00 PM Aug -6.4% -1.8% -0.9%
2019-11-06 07:00 PM Sep -5.1% -6.4% -7.2%
2019-12-05 07:00 PM Oct -2.3% -5.1% -8%
2020-01-08 07:00 PM Nov -4.5% -2.0% -2.9%
2020-02-05 07:00 PM Dec -4.5% -3.5%


News Stream
2019-12-05
Argentina Industrial Output Falls 2.3% YoY in October
Industrial production in Argentina declined 2.3 percent year-on-year in October, following a 5.1 percent fall in the previous month. Output dropped less for vehicles (-16.2 percent vs -16.1 percent in September); metal products (-9 percent vs -9.4 percent); clothing & footwear (-8.5 percent vs -18.5 percent); chemical products (-2.4 percent vs -12.3 percent); machinery & equipment (-1.3 percent vs -8.8 percent); and furnishing, mattresses & other manufacturing industries (-3.7 percent vs -14.2 percent). Also, output rebounded for oil, coke & nuclear fuel refining (3.9 percent vs -2.2 percent); rubber & plastic products (0.2 percent vs -3.4 percent); and basic metallic industries (3.1 percent vs -8.6 percent). Meanwhile, production of food & beverages industry remained unchanged, after rising 0.8 percent in September. On a monthly basis, industrial output advanced 5 percent, rebounding from a 5.1 percent fall in the prior month.

2019-11-06
Argentina Industrial Production Falls 5.1% YoY, 5% MoM
Industrial output in Argentina plunged 5.1 percent year-on-year in September 2019, after a 6.4 percent decrease in the previous month. It was the seventeenth straight fall in industrial production. Output dropped in vehicles & other transport equipment (-16.5 percent); furniture & other manufacturing (-13.7 percent); metals & machinery (-9.0 percent); oil refining, chemicals, rubber & plastic products (-8.9 percent); textiles (-7.7 percent), and non-metallic minerals and & basic metals (-6.6 percent). In contrast, production of wood & paper climbed 4.1 percent and of food & beverages rose 0.3 percent. On a monthly basis, output fell 5.0 percent following a 3.4 percent decline in the prior month. Year-to-date, industrial activity shrank 7.8 percent over a year ago.

2019-10-03
Argentina Industrial Output Falls 6.4% YoY in August
Industrial output in Argentina plunged 6.4 percent year-on-year in August 2019, after a downwardly revised 1.8 percent decrease in the previous month. It was the sixteenth straight fall in industrial production and a setback from July’s softer decline, as August’s primary election outcomes took a toll. Output dropped in vehicles & other transport equipment (-27.0 percent); furniture & other manufacturing (-15.9 percent); metals & machinery (-13.0 percent); textiles (-7.2 percent); non-metallic minerals and & basic metals (-6.7 percent); wood, paper & printing (-6.1 percent); oil refining, chemicals, rubber & plastic products (-4.6 percent); and other equipment, devices & instruments (-1.8 percent). In contrast, production of food & beverages rose 0.3 percent. On a monthly basis, output fell 2.8 percent following a 3.7 percent gain in the prior month. Year-to-date, industrial activity shrank 8.1 percent over a year ago.

2019-09-05
Argentina Industrial Production Fall Softest in 14 Months
Industrial output in Argentina fell 1.9 percent year-on-year in July 2019, after an upwardly revised 7.2 percent decrease in the previous month. It was the fifteenth straight fall in industrial output but the softest in 14 months, and omits a volatile financial scenario following August’s primary election outcomes. Main contractions were recorded in vehicles & other transport equipment (-25.2 percent), minerals (-4.5 percent), textiles (-3.9 percent), and metals & machinery (-3.7 percent). In contrast, the key food & beverages industry jumped 4.2 percent after advancing 1.3 percent in June. On a monthly basis, output climbed 3.0 percent following a 1.2 percent decline. Year-to-date, industrial activity shrank 8.4 percent over a year ago.

2019-08-06
Argentina Industrial Production Sinks 6.9% YoY
Industrial output in Argentina fell 6.9 percent year-on-year in June 2019, after an upwardly revised 7.0 percent decrease in the previous month and compared with market expectations of a 3.8 percent decline. It was the fourteenth straight fall in industrial output, but the softest in ten months. Main contractions were recorded in production of vehicles & other transport equipment (-28.7%); other transport equipment (-32.2%); furniture (-15.3%); textiles (-18.5%); metal products (-11.8%) and chemicals (-10.5%). In contrast, food & beverages (1.3%) and coke & refined petroleum products (2.8%) were the only industries expanding. On a monthly basis, industrial output fell 1.8 percent following an upwardly revised 0.7 percent climb in May. Year-to-date, industrial activity shrank 9.4 percent over a year ago.

2019-07-04
Argentina Industrial Output Falls More than Expected
Industrial output in Argentina fell 6.9 percent year-on-year in May 2019, after a downwardly revised 8.7 percent decrease in the previous month and compared with market expectations of a 3.8 percent decline. It was the thirteenth straight fall in industrial output, but the softest in nine months. The sharpest declines were recorded in vehicles & other transport equipment (-25.5 percent); furniture (-22.8 percent); other equipment (-19.8 percent); textiles (-14.9 percent); metal products, machinery & equipment (-9.8 percent); oil, chemicals, and rubber & plastic (-4 percent); wood, paper & printing (-3.8 percent) and food, beverages & tobacco (-1.3 percent) . On a monthly basis, industrial output rose 0.6 percent after an upwardly revised 2.5 percent increase in April.


Argentina Industrial Production
In Argentina, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities.

Argentina Business Last Previous Highest Lowest Unit
Industrial Production -4.50 -2.00 24.60 -22.30 percent [+]
Industrial Production Mom 5.00 -5.10 14.64 -18.30 percent [+]
Capacity Utilization 62.10 57.70 84.10 48.16 percent [+]
Changes in Inventories 10787.00 -7908.00 27474.00 -18804.00 ARS Million [+]
Car Production 20475.00 27099.00 81868.00 4172.00 Units [+]
Car Registrations 31.15 22.90 90.31 4.00 Thousand [+]
Leading Economic Index 1.00 -1.10 4.40 -4.60 percent [+]
Internet Speed 6268.01 6143.90 6268.01 1061.35 KBps [+]
IP Addresses 8203135.00 8099826.00 8203135.00 1688628.00 IP [+]
Steel Production 370.00 381.79 529.00 98.00 Thousand Tonnes [+]
Competitiveness Index 57.20 57.49 57.49 3.76 Points [+]
Competitiveness Rank 83.00 81.00 106.00 70.00 [+]
Ease of Doing Business 126.00 119.00 126.00 112.00 [+]
Corruption Index 40.00 39.00 52.40 25.00 Points [+]
Corruption Rank 85.00 85.00 109.00 24.00 [+]