Industrial production in Argentina contracted by 2.3% year-on-year in June 2023, marking a deceleration from the previous month's 1.1% increase. This decline extends a four-month trend and marks the first reduction in industrial growth since February of the same year. The slowdown was primarily driven by decreases in food and beverages output (-4.2% vs 0% in May), other equipment, devices, and instruments (-20.3% vs -4.0%), machinery and equipment (-5.5% vs -2.9%), wood, paper, publishing, and printing (-2.6% vs -4.8%), and non-metallic mineral products (-3.3% vs -5.3%). On the other hand, production rose at a slower pace for basic metals (+2.8% vs +9.2%) and oil refining, coke, and nuclear fuel (+2.7% vs +3.8%). On a seasonally adjusted monthly basis, industrial production dropped by 1.3 percent. source: Instituto Nacional de Estadística y Censos (INDEC)

Industrial Production in Argentina averaged 2.07 percent from 1995 until 2023, reaching an all time high of 56.20 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 August of 2023.

Industrial Production in Argentina is expected to be 2.10 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 Reference Actual Previous Consensus TEForecast
2023-07-06 07:00 PM May 1.1% 1.8% 0.5%
2023-08-09 07:00 PM Jun -2.3% 1.1% 1.0%
2023-09-07 07:00 PM Jul -2.3%


Related Last Previous Unit Reference
Industrial Production -2.30 1.10 percent Jun 2023
Industrial Production Mom -1.50 1.10 percent May 2023
Capacity Utilization 68.60 67.80 percent Jun 2023
Changes in Inventories -20633.00 -4668.00 ARS Million Mar 2023

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
-2.30 1.10 56.20 -33.20 1995 - 2023 percent Monthly
NSA

News Stream
Argentina Industrial Output Contracts in June
Industrial production in Argentina contracted by 2.3% year-on-year in June 2023, marking a deceleration from the previous month's 1.1% increase. This decline extends a four-month trend and marks the first reduction in industrial growth since February of the same year. The slowdown was primarily driven by decreases in food and beverages output (-4.2% vs 0% in May), other equipment, devices, and instruments (-20.3% vs -4.0%), machinery and equipment (-5.5% vs -2.9%), wood, paper, publishing, and printing (-2.6% vs -4.8%), and non-metallic mineral products (-3.3% vs -5.3%). On the other hand, production rose at a slower pace for basic metals (+2.8% vs +9.2%) and oil refining, coke, and nuclear fuel (+2.7% vs +3.8%). On a seasonally adjusted monthly basis, industrial production dropped by 1.3 percent.
2023-08-09
Argentina Industrial Output Expansion Eases Further
Industrial production in Argentina rose by 1.1 percent year-on-year in May of 2023, easing an upwardly revised 1.8 percent rise in the prior month. It was the third consecutive month of slowdown in industrial growth led by lower production of oil refining, coke and nuclear fuel (+3.8% vs +11% in April) and basic metals (+9.2% vs +36.3%). Meantime, production of food and beverages stalled (0% vs -1.7%). On the other hand, output fell for machinery and equipment (-2.9% vs -3.5%); Wood, paper, publishing and printing (-4.8% vs -2.4%); Non-metallic mineral products (-5.3% vs -5.3%). On a seasonally adjusted monthly basis, industrial production dropped by 1.5 percent following a downwardly revised 1.1 percent rise in the prior month.
2023-07-06
Argentina Industrial Output Expansion Eases in April
Industrial production in Argentina increased 1.7 percent from a year earlier in April of 2023, slowing an upwardly revised 3.5 percent rise in the prior month. The slowdown in expansion was led by lower production in motor vehicles and auto parts (+4.7% vs +17.4% in March) and oil refining, coke and nuclear fuel (+11% vs +17.2%). Meantime, production rose at a faster pace for basic metals (+36.3% vs +8.4%). On the other hand, output fell for machinery and equipment (-3.5% vs +7.1%); food and beverages (-1.7% vs -0.8%); chemical substances and products (-0.6% vs -3.6%). On a seasonally adjusted monthly basis, industrial production rose 1.2 percent.
2023-06-08