Argentina Factory Output Falls Sharply

Argentina’s industrial production fell 3.9% year-on-year in December 2025, following an 8.7% contraction in November. Ten of the sixteen manufacturing divisions recorded annual declines. By impact on the overall index, the steepest drops were seen in motor vehicles, bodies, trailers and auto parts (-21.6%), apparel, leather and footwear (-16.7%), machinery and equipment (-14.8%), other equipment, devices and instruments (-22.4%), rubber and plastic products (-18.3%), textile products (-25.7%), metal products (-7.5%), furniture, mattresses and other manufacturing industries (-6.6%), tobacco products (-7.6%), and other transport equipment (-2.9%). Meanwhile, positive contributions came from basic metal industries (7.4%), wood, paper, publishing and printing (4.6%), petroleum refining, coke and nuclear fuel (4.0%), chemical substances and products (1.0%), food and beverages (0.8%), and non-metallic mineral products (0.3%).

Argentina’s industrial production contracted 8.7% year-on-year in November 2025, worsening from a 2.9% decline in October. Fifteen of the sixteen manufacturing divisions posted annual declines. Sharp drops were recorded in textiles (-36.7%), motor vehicles and auto parts (-23.0%), metal products (-18.6%), machinery and equipment (-17.9%), apparel, leather, and footwear (-17.6%), and rubber and plastic products (-12.5%). Output also fell in food and beverages (-7.8%), chemicals (-3.4%), non-metallic mineral products (-2.4%), tobacco (-5.6%), and other transport equipment (-0.5%). Furniture and mattresses declined 9.4%, while other equipment, appliances, and instruments fell 14.0%. Marginal gains were seen in basic metals (3.1%) and wood, paper, publishing, and printing (0.3%). Petroleum refining, coke, and nuclear fuel stood out with a 6.3% increase.

Argentina’s industrial production fell 2.9% year-on-year in October 2025, deepening from the 0.7% drop in September. Eleven of the sixteen manufacturing divisions posted declines. The sharpest contractions were in textile products (-24%), apparel, leather and footwear (-15.1%), rubber and plastic products (-12%), and tobacco products (-12.4%). Other notable declines included metal products (-8.1%), wood, paper, publishing and printing (-3.4%), motor vehicles, bodies, trailers and auto parts (-4.1%), machinery and equipment (-2.2%), food and beverages (-1.7%), furniture and mattresses (-1.5%), and chemicals (-0.4%). In contrast, output increased in petroleum refining, coke and nuclear fuel (3.2%), non-metallic mineral products (1.1%), and basic metals (0.9%). On a monthly basis, industrial activity fell 0.8% seasonally adjusted.