Industrial production in Argentina grew 4.4 percent year-on-year in January of 2021, following an revised 5.0 percent increase in the previous month. Activity was nudged by a 31.5 percent jump in non-metallic mineral products, a 31.2 percent increase in machinery and equipment, and a 16.2 percent rise in basic metals. On the other hand, oil refinery declined 8.5 percent and chemicals dropped 1.7 percent. On a seasonally adjusted monthly basis, industrial production rose 1.7 percent, after an upwardly revised 1.1 percent increase in the prior month. source: Instituto Nacional de Estadística y Censos (INDEC)
Industrial Production in Argentina averaged 1.42 percent from 1995 until 2021, reaching an all time high of 24.60 percent in March of 2003 and a record low of -33.30 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 March of 2021.
Industrial Production in Argentina is expected to be 6.00 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 1.00 in 12 months time. In the long-term, the Argentina Industrial Production is projected to trend around 1.00 percent in 2022 and 2.00 percent in 2023, according to our econometric models.