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.