Industrial production in Argentina fell 16.8 percent year-on-year in March 2020, following a downwardly revised 1 percent decline in the previous month and explained by the country’s lockdown to curb the pandemic. Output dropped further for textiles (-35.4 percent vs -8.1 percent in February); non-metallic mineral products (-32.9 percent vs -14.1 percent); furnishings (-26.7 percent vs -14.7 percent); and other transport equipment (-34.0 percent vs -19.1 percent). In addition, output for food & beverages declined 2.6 percent after expanding 4.6 percent in February. On a seasonally adjusted monthly basis, industrial output dropped 17 percent after expanding 2 percent.
Industrial Production in Argentina averaged 1.66 percent from 1995 until 2020, 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. 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 2020. source: Instituto Nacional de Estadística y Censos (INDEC)
Industrial Production in Argentina is expected to be 0.50 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 1.80 percent in 2021 and 2.00 percent in 2022, according to our econometric models.