Industrial output in Argentina dropped 10.8 percent year-on-year in January 2019, after an upwardly revised 14.8 percent fall in the previous month. It was the ninth straight decline in industrial output. Production declined for all categories excluding tobacco (+5.1 percent), with notable contractions in textiles (-27.9 percent vs -36.3 percent in December 2018), other transport equipment (-58.8 percent vs -54.9 percent), machinery and equipment (-42.8 percent vs -29.4 percent) and food & beverages division (-2.2 percent vs -2.8 percent). Industrial Production in Argentina averaged 2.04 percent from 1995 until 2018, 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.
Industrial Production in Argentina is expected to be -1.70 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 1.60 in 12 months time. In the long-term, the Argentina Industrial Production is projected to trend around 1.30 percent in 2020, according to our econometric models.