Industrial production in Argentina advanced 4.5 percent year-on-year in November of 2020, following a revised 3.1 percent drop in the previous month. It was the strongest growth in industrial activity since February of 2018, as output rebounded for motor vehicle manufacturing (15.3 percent vs -9.2 percent in October) and food, beverages & tobacco (4.3 percent vs -2.5 percent). On a seasonally adjusted monthly basis, industrial production rose 3.5 percent, after a revised 1.5 percent drop in the prior month. source: Instituto Nacional de Estadística y Censos (INDEC)
Industrial Production in Argentina averaged 1.40 percent from 1995 until 2020, reaching an all time high of 24.60 percent in March of 2003 and a record low of -33.34 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 January of 2021.
Industrial Production in Argentina is expected to be 6.00 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 1.00 in 12 months time. In the long-term, the Argentina Industrial Production is projected to trend around 1.00 percent in 2022 and 2.00 percent in 2023, according to our econometric models.