Industrial production in Argentina rose 3.1 percent from a year earlier in March of 2023, following a downwardly revised 1.7 percent decrease in the prior month. The expansion was led by growth in output of machinery and equipment (+7.1% vs -1.8% in February); motor vehicles and auto parts (+17.4% vs +8.5%); basic metal industries (+8.4% vs +0.7%) and tobacco (+1.3% vs -8.7%). Meantime, output fell at a slower pace for food and beverages (-0.8% vs -6.2%); chemical substances and products (-3.6% vs -6.4%). On a seasonally adjusted monthly basis, industrial production rose 3.4 percent. source: Instituto Nacional de Estadística y Censos (INDEC)

Industrial Production in Argentina averaged 2.09 percent from 1995 until 2023, reaching an all time high of 55.90 percent in April of 2021 and a record low of -33.20 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 June of 2023.

Industrial Production in Argentina is expected to be 1.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Argentina Industrial Production is projected to trend around 2.00 percent in 2024, according to our econometric models.

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Argentina Industrial Production



Calendar GMT Actual Previous Consensus TEForecast
2023-04-05 07:00 PM Feb -1.4% 6.7% -4.1%
2023-05-09 07:00 PM Mar 3.1% -1.7% -3.7%
2023-06-08 07:00 PM Apr 3.1% 3.6%


Related Last Previous Unit Reference
Industrial Production Mom 3.40 -1.30 percent Mar 2023
Industrial Production 3.10 -1.40 percent Mar 2023
Capacity Utilization 67.50 65.00 percent Mar 2023
Changes in Inventories 20148.00 17248.00 ARS Million Dec 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
3.10 -1.40 55.90 -33.20 1995 - 2023 percent Monthly
NSA

News Stream
Argentina Industrial Output Swings to Expansion in March
Industrial production in Argentina rose 3.1 percent from a year earlier in March of 2023, following a downwardly revised 1.7 percent decrease in the prior month. The expansion was led by growth in output of machinery and equipment (+7.1% vs -1.8% in February); motor vehicles and auto parts (+17.4% vs +8.5%); basic metal industries (+8.4% vs +0.7%) and tobacco (+1.3% vs -8.7%). Meantime, output fell at a slower pace for food and beverages (-0.8% vs -6.2%); chemical substances and products (-3.6% vs -6.4%). On a seasonally adjusted monthly basis, industrial production rose 3.4 percent.
2023-05-09
Argentina Industrial Output Contracts in February
Industrial production in Argentina fell by 1.4 percent year-on-year in February of 2023, following an upwardly revised 6.7% increase in the prior month. The contraction was driven by falls in output for food and beverages (-6.2% vs +9.1% in February); rubber and plastic products (-1.4% vs +10.3%); chemical substances and products (-6.4% vs -4.5%) and machinery and equipment (-1.8% vs +6.1%). In contrast, production rose at a slower pace for clothing, leather and footwear (+8.8% vs +12%); furniture and mattresses (+5.5% vs +10.5%)oil refining, coke and nuclear fuel (+22.8% vs +8.3%); basic metal industries (+0.7% vs +8.9%). On a seasonally adjusted monthly basis, industrial production went up 0.8%.
2023-04-05
Argentina Industrial Output at 5-Month High
Industrial production in Argentina rose by 6.3 year-on-year in January of 2023, following a 2.7% decrease in the prior month. It was the fastest rate of expansion since August 2022 led by growth in the production of food and beverages (+9.1% vs -1.6% in December); clothing, leather and footwear (+12% vs -6.1%); furniture and mattresses (+10.5% vs -15.8%); rubber and plastic products (+10.3% vs -7.6%); oil refining, coke and nuclear fuel (8.3% vs 4.9%); basic metal industries (+8.9% vs +1.8%) and machinery and equipment (+6.1% vs +1.4%). On the other hand, contraction was recorded for chemical substances and products (-4.5% vs -3.8%). On a seasonally adjusted monthly basis, industrial production went up 0.7%.
2023-03-08